§ 57455
72 words·~1 min read·
/ca/government-code/57455A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any moneys and funds of the dissolved district and any moneys or funds received by the successor from the sale or other disposition of any property, real or personal, of the dissolved district shall be used to the extent necessary, for the payment of principal, interest and any other amounts then or thereafter due on account of any outstanding bonds, including revenue bonds, and other contracts or obligations of the dissolved district.