California Statutes
§ 100409. — 100409. (Amended by Stats. 2016, Ch. 381, Sec. 90.)
California·Code PUC Public Utilities Code - PUC·Div. 10. DIVISION 10. TRANSIT DISTRICTS·Part 12. PART 12. SANTA CLARA VALLEY TRANSPORTATION AUTHORITY·Ch. 7. CHAPTER 7. Bonds and Other Evidences of Indebtedness·Art. 1. ARTICLE 1. Authorization and Issuance of General Obligation Bonds
Whenever the board deems that the expenditure of money for the purposes for which the bonds were authorized by the voters is impractical or unwise, it may, by ordinance adopted by a vote of two-thirds of all members of the board, so declare and call an election to be held within the boundaries of the VTA for the purpose of submitting to the qualified voters thereof the proposition of incurring indebtedness by the issuance of the bonds for some other purposes or, in the case where bonds have been sold, the proposition to use the proceeds for some other purposes. The procedure, so far as applicable, shall be the same as when a bond proposition is originally submitted.
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California § 100409. (100409. (Amended by Stats. 2016, Ch. 381, Sec. 90.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2016, Ch. 381, Sec. 90. (AB 2196) Effective January 1, 2017.