Public Utilities Code - PUC
DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]
( Division 10 repealed and added by Stats. 1955, Ch. 1036. ) PART 12. SANTA CLARA VALLEY TRANSPORTATION AUTHORITY [100000 - 100619]
( Heading of Part 12 amended by Stats. 1999, Ch. 724, Sec. 5. ) CHAPTER 7. Bonds and Other Evidences of Indebtedness [100400 - 100492]
( Chapter 7 added by Stats. 1974, Ch. 1204. ) ARTICLE 1. Authorization and Issuance of General Obligation Bonds [100400 - 100413]
( Article 1 added by Stats. 1974, Ch. 1204. ) 100408.
After the expiration of three years after a bond election the board may determine, by ordinance adopted by a vote of two-thirds of all the members of the board, that any or all of the bonds authorized at the election remaining unsold shall not be issued or sold. When the ordinance takes effect, the authorization to issue such bonds shall become void.
(Added by Stats. 1974, Ch. 1204.)