Section 102510 Of Article 1. Authorization And Issuance Of General Obligation Bonds From California Public Utilities Code >> Division 10. >> Part 14. >> Chapter 7. >> Article 1.
102510
. Whenever the board deems that the expenditure of money for
the purposes for which the bonds were authorized by the voters is
impractical or unwise, it may, by ordinance adopted by a two-thirds
vote of the board, so declare and call an election to be held in the
district for the purpose of submitting to the qualified voters
thereof the proposition of incurring indebtedness by the issuance of
those bonds for some other purposes or, in the case where bonds have
been sold, the proposition to use the proceeds for some other
purposes. The procedure, so far as applicable, shall be the same as
when a bond proposition is originally submitted.