Notwithstanding any other provision of law, the single assessment district resulting from a consolidation under this article shall assume all assets and liabilities of the districts consolidated and shall be entitled to all of the property tax revenues to which each of the separate districts involved in the consolidation would have been entitled had such districts not been so consolidated.
Cal. Sts. & High. Code § 22611
Changes of Organization for Assessment Districts
Known as the Landscaping and Lighting Act
The act spans §§ 22500–22679 (95 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.