California Government Code

§ 43782

GOV § 43782Div. 4 · Title 4 · Ch. 4 · Art. 4

Statute text

Before ordering the cancellation, by ordinance the legislative body shall:

(a)Determine that the public interest and welfare will be best served by the cancellation of all or part of the principal and interest of the bonds.

(b)Designate the issue of bonds to be canceled or the principal amount, numbers, and denominations of the bonds proposed to be canceled, if less than all.

…

Legislative history

Added by Stats. 1949, Ch. 79.