Section 60006 Of Chapter 1. General Provisions From California Public Utilities Code >> Division 10. >> Part 6. >> Chapter 1.
60006
. On and after July 1, 1997, the authority is dissolved and
the district succeeds to, and is vested with, all of the rights,
powers, duties, and obligations of the authority. The district is the
successor to the authority's interests in any property, its rights
and obligations under any contract, any outstanding indebtedness of
the authority, and its rights under any grants, without the necessity
of any further action.