Section 71972 Of Article 2. Sale Of Bonds And Use Of Proceeds From California Water Code >> Division 20. >> Part 7. >> Chapter 6. >> Article 2.
71972
. Any moneys remaining in the special improvement fund from
the sale of bonds of the district after the purpose for which the
indebtedness was created has been accomplished may also be used for
any other municipal water district purpose. Such moneys remaining
from the sale of bonds of the district for an improvement district
therein may also be used for any purpose which will benefit the
property in the improvement district.
Such moneys may not be used for such other municipal water
district purpose or improvement district purpose until two-thirds of
the qualified voters of the district or improvement district have
consented thereto at a special election called in the district or
improvement district by the board. Notice of the election shall be
given in the manner provided for bond elections in the district or
improvement district, as the case may be, and in other respects the
election shall be conducted as are other district elections.