Section 52551 Of Article 3. Sale From California Water Code >> Division 15. >> Part 8. >> Chapter 3. >> Article 3.

. The board, having adopted a resolution of sale, may declare by resolution, on or before the February 1st or the August 1st prior to the date of maturity of the outstanding bonds next maturing and to be refunded, either in whole or in part, that any portion of the refunding bonds available for the refunding of the outstanding bonds next maturing shall be sold.