Section 99118.  


Latest version.
  • After the expiration of three years after a bond election the legislative body or board of supervisors may determine, by ordinance adopted by a vote of two-thirds of all the members of the legislative body or board of supervisors, that any or all of the bonds authorized at said election remaining unsold shall not be issued or sold. When the ordinance takes effect, the authorization to issue said bonds shall become void.

(Added by Stats. 1968, Ch. 1325.)