Section 76061 Of Article 4. Vesting Of Property Upon Dissolution From California Water Code >> Division 21. >> Part 10. >> Chapter 5. >> Article 4.
76061
. The personal property belonging to a district upon its
dissolution shall be sold by the board of supervisors of the
principal county, and the proceeds from such sale, together with all
moneys of the district, remaining after the payment of all of the
obligations of the district, shall be paid into the general funds of
the affected counties in the same proportions that the assessed
values of the lands (according to the last assessment rolls) within
the district in each of such counties bear one to the other.