Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 6./Title 1.: DIVISION 6. PUBLIC BONDS AND OBLIGATIONS/Ch. 5.: CHAPTER 5. Tax or Assessment Levy for Unsold Bonds/§ 5404.
California Statutes

§ 5404. — 5404. (Added by Stats. 1955, Ch. 333.)

California § 5404.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.6.
Title 1.DIVISION 6. PUBLIC BONDS AND OBLIGATIONS
Ch. 5.CHAPTER 5. Tax or Assessment Levy for Unsold Bonds

This text of California § 5404. (5404. (Added by Stats. 1955, Ch. 333.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Government Code - GOV Code § 5404. (2026).

Text

If at any time following the levy of the tax or assessment authorized by Section 5403, the board, council or other body having the power to sell the bonds shall determine that the bonds are not to be issued and sold, the proceeds of the tax or assessment so levied to pay such principal or interest may be transferred to the general fund of the public body.

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Legislative History

Added by Stats. 1955, Ch. 333.
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California § 5404., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/5404..