The board may by resolution adopted by two-thirds vote of all its members declare that no part of a described bond issue authorized under this article which remains unsold shall be issued or sold. When the resolution takes effect, the bonds described in the resolution which remain unsold are voided.
Cal. Gov. Code § 978.6
Funding Judgments With Bonds
Known as the Government Claims Act
The act spans §§ 810–998 (301 sections).
Added by Stats. 1963, Ch. 1715.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.