California Streets and Highways Code 26242 – If at the time of the election to dissolve the district there is …
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If at the time of the election to dissolve the district there is outstanding any bonded indebtedness of the district, the vote to dissolve shall dissolve the district for all purposes except the levy and collection of taxes for the payment of that outstanding indebtedness.
From the time of dissolution until the bonded indebtedness together with the interest thereon is fully paid, the board of supervisors of the county shall constitute ex officio the boulevard commission of the district, and shall levy such taxes and perform such other acts as may be necessary to raise money for the payment of the outstanding indebtedness of the district.
Terms Used In California Streets and Highways Code 26242
- commission: means the California Transportation Commission. See California Streets and Highways Code 22
- County: includes "city and county. See California Streets and Highways Code 14
- Ex officio: Literally, by virtue of one's office.
(Added by Stats. 1943, Ch. 285.)