California Law (Last Updated: March 4, 2014) |
Public Resources Code - PRC |
Division 11. RESORT IMPROVEMENT DISTRICTS |
Chapter 6. Bonds |
Section 13121.
Latest version.
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The procedure upon the election shall be in accordance, so far as applicable, with the procedure upon an original issue of bonds, except that:
(a) No hearing need be held upon the question whether the bond issue will benefit the entire district or only a portion of it.
(b) A vote of two-thirds of the voters voting upon the measure is sufficient to authorize the issue of refunding bonds.
(Added by Stats. 1961, Ch. 2069.)