GroundRules
GOV § 59273
Where this section sits in the code
- Government Code - GOV
- TITLE 6. DISTRICTS [58000. - 62464.]
- DIVISION 1. GENERAL [58000. - 60375.5.]
- CHAPTER 5. Special Assessment and Bond Refunding Law of 1939 [59100. - 59674.]
- ARTICLE 5. Notice to Bondholders of Proposed Refunding and Invitation for Proposals [59270. - 59273.]
In the notice the legislative body shall invite the holders of the original bonds to submit to it one or more written proposals stating the terms upon which they will deliver their bonds for cancellation to the legislative body or to any official it designates in consideration for any one of the following:
(a) Delivery of new bonds against the district described in the resolution of intention.
(b) A cash sum to be specified in the proposal.
(c) The delivery and payment of any combination of such bonds and cash specified in the proposal.
Collected 2026-09-14T05:56:33Z. Source file · JSON