GroundRules
GOV § 59560
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 15. Acquisition and Cancellation of Bonds of Consenting Bondholders [59560. - 59562.]
If the holders of all of the original bonds agree to refund them as proposed in the refunding proceeding, all new refunding bonds, all money collected on the reassessments levied in the refunding proceeding, and any public contributions after payment of the incidental expenses, shall be paid and delivered to them, in the amounts and proportions fixed by the proposals or other contract with bondholders.
Collected 2026-09-14T05:56:33Z. Source file · JSON