Section 100408 Of Article 1. Authorization And Issuance Of General Obligation Bonds From California Public Utilities Code >> Division 10. >> Part 12. >> Chapter 7. >> Article 1.
100408
. After the expiration of three years after a bond election
the board may determine, by ordinance adopted by a vote of two-thirds
of all the members of the board, that any or all of the bonds
authorized at the election remaining unsold shall not be issued or
sold. When the ordinance takes effect, the authorization to issue
such bonds shall become void.