Section 15200 Of Article 6. Cancellation Of Unsold Bonds From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 1. >> Article 6.
15200
. If any bonds authorized under the provisions of Sections
15100 and 15102, and Sections 15107 to 15140, inclusive, and Sections
15142 to 15261, inclusive, have not been offered for sale for one
year from the date of the election at which they were authorized or
remain unsold for a period of six months after having been offered
for sale in the manner prescribed by the board of supervisors, the
governing board of the district, for which the bonds were authorized,
may petition the board of supervisors that has jurisdiction of the
issuance and sale of the bonds to cause the unsold bonds to be
canceled.