Section 4923 Of Article 7. Dissolution From California Health And Safety Code >> Division 5. >> Part 3. >> Chapter 4. >> Article 7.

. If a part only of the district is so included in one city and the remaining part of the district is included in one or more other cities then such proportionate part of the funds shall be paid to the treasurer of each city as the assessed valuation of the real property of the portion of the district included in each city bore, before being so included, to the total assessed valuation of the real property of the district.