Jurris.COM
Section 57456 Of Chapter 6. Effect Of Dissolution From California Government Code >> Division 3. >> Title 5. >> Part 5. >> Chapter 6.
57456
. (a) When the successor determines that payment, or provision
for payment, has been made of all short-term obligations of the
dissolved district, the successor shall distribute any of the
remaining assets of the dissolved district in the manner provided in
Section 57457.
(b) "Short-term obligations," as used in subdivision (a), includes all amounts which shall be due and payable, prior to the end of the fiscal year commencing next after the effective date of dissolution, upon any outstanding bonds, including revenue bonds, and other contracts or obligations of the dissolved district. All other obligations shall be long-term obligations.
(b) "Short-term obligations," as used in subdivision (a), includes all amounts which shall be due and payable, prior to the end of the fiscal year commencing next after the effective date of dissolution, upon any outstanding bonds, including revenue bonds, and other contracts or obligations of the dissolved district. All other obligations shall be long-term obligations.
