The board of supervisors may cancel the repayment of any loan made pursuant to this chapter for special districts which successfully complete a consolidation, merger, or reorganization. If the board of supervisors cancels a loan, it shall be considered a grant and no repayment shall be required.
Cal. Gov. Code § 60356
California Special District Consolidation Assistance Program
Known as the California Special District Consolidation Assistance Act
The act spans §§ 60350–60356 (7 sections).
Added by Stats. 1984, Ch. 1392, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.