Section 35570 Of Article 8. Bonded Indebtedness Of School Districts From California Education Code >> Division 3. >> Title 2. >> Part 21. >> Chapter 3. >> Article 8.
35570
. This article applies only to the reallocation of bonded
indebtedness of a school district on general obligation bonds under
one of the following conditions:
(a) The bonded indebtedness was approved by the voters prior to
July 1, 1978.
(b) The bonded indebtedness was incurred for the acquisition or
improvement of real property and was approved on or after July 1,
1978, by two-thirds of the votes cast by the voters voting on the
proposition.
(c) The bonded indebtedness was incurred for the acquisition or
improvement of real property and was approved on or after July 1,
1978, by 55 percent of the votes cast by the voters voting on the
proposition at a regularly scheduled election or a statewide special
election.