Section 25066 Of Article 2. Refunding Bond Sinking Fund From California Water Code >> Division 11. >> Part 9. >> Chapter 2. >> Article 2.

. If no bids are received or if the bids received and accepted are not sufficient to exhaust the money on hand and available for the purpose, the district through its board may purchase at private sale with any available money in the sinking fund any bonds for the payment of which the sinking fund was created.