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Section 31440 Of Article 5. Refunding From California Water Code >> Division 12. >> Part 6. >> Chapter 2. >> Article 5.

31440
. The board may, by resolution, do the following:
  (a) Submit to the voters a measure to issue new bonds to refund any or all of the district bonds outstanding.
  (b) Submit to the voters of any improvement district of the district a measure to issue new bonds to refund any improvement district bonds outstanding.