2007 California Streets and Highways Code Chapter 15. Dissolution

CA Codes (shc:26240-26242)

26240.  Whenever it shall deem it advisable, the commission shall,
by resolution, order that an election be held in the district upon
the question of dissolution of the district.  The election shall be
called and conducted in the same manner as other elections of the
district, and if two-thirds of the electors of the district vote in
favor of dissolution, the district shall be dissolved.



26241.  Upon dissolution, any property in unincorporated territory
which may have been acquired by the district shall vest in the
county, and any property within the boundaries of an incorporated
city shall vest in the city.


26242.  If at the time of the election to dissolve the district
there is outstanding any bonded indebtedness of the district, the
vote to dissolve shall dissolve the district for all purposes except
the levy and collection of taxes for the payment of that outstanding
indebtedness.
   From the time of dissolution until the bonded indebtedness
together with the interest thereon is fully paid, the board of
supervisors of the county shall constitute ex officio the boulevard
commission of the district, and shall levy such taxes and perform
such other acts as may be necessary to raise money for the payment of
the outstanding indebtedness of the district.