§ 9404 Bond Issuance Cancellation Authority

Water Code·California

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Key Takeaways

•If bonds aren't sold within a year after they're approved, the board can cancel the whole thing.
•The board has to write down their decision and send a copy to the county treasurer.
•This only applies to bonds for land assessments.

Example

A city approves bonds to build a new park but doesn't sell them for over a year.

The board can decide to cancel the park project and tell the county treasurer about it.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 9404 Bond Issuance Cancellation Authority

If within one year from the time bonds are authorized to be issued as provided in this part, the bonds are not sold or disposed of, the board may at its discretion by an order duly made and entered in its minutes and a copy duly certified sent to the county treasurer of each county wherein lands affected by the assessment are situated, cancel all proceedings taken in connection with the bond issue. (Added by Stats. 1943, Ch. 369.)

Last verified: January 23, 2026

Key Terms

discretion assessment connection

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 9404.

Key Takeaways

Example

Key Terms

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References

Key Takeaways

Example

Key Terms

Related Statutes

References