Notwithstanding any other provision of law, the district resulting from the consolidation of two or more districts shall assume all of the assets of the separate districts so consolidated and shall be entitled to all of the property tax revenues to which each of the separate districts so consolidated would have been entitled had the districts not been consolidated.
Cal. Sts. & High. Code § 19328
Consolidation
Known as the Highway Lighting District Act
The act spans §§ 19000–19328 (120 sections).
Added by Stats. 1979, Ch. 261.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.