Water Code section 55586


If at the election a majority of the votes cast are in favor of the issuance of the refunding bonds, the board shall be authorized to issue refunding bonds of the district not exceeding the maximum amount set forth in the resolution, payable out of the funds of the district to be provided as prescribed in Section 55591.

Source: Section 55586, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=WAT§ionNum=55586.­ (updated Jan. 1, 1953; accessed Jul. 21, 2025).

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Verified:
Jul. 21, 2025

§ 55586's source at ca​.gov