Section 98406 Of Chapter 10. Dissolution From California Public Utilities Code >> Division 10. >> Part 10. >> Chapter 10.

. Upon dissolution the right, title and interest to property owned or controlled by the district shall be divided among the cities within the district and the county according to the ratio which the assessed valuation of taxable property of each city within the district and the unincorporated area within the district bears to the total assessed valuation of taxable property within the district.