§ 43630
54 words·~1 min read·
/ca/government-code/43630A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
After three years after a bond election the legislative body may determine, by ordinance adopted by a two-thirds vote of all of its members, that no part of the bond issue remaining unsold shall be issued or sold. When the ordinance takes effect, the bonds remaining unsold and described in the ordinance become void.