§ 35575
66 words·~1 min read·
/ca/education-code/35575A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When territory is taken from one school district and annexed to another school district and the area transferred contains no public school property or buildings, the territory shall drop any liability for outstanding bonded indebtedness in the district of which it was formerly a part and shall automatically assume its proportionate share of the outstanding bonded indebtedness of the district of which it becomes a part.