TITLE 1. GENERAL EDUCATION CODE PROVISIONS 1-32500›DIVISION 1. GENERAL EDUCATION CODE PROVISIONS 1-32500›PART 10. SCHOOL BONDS 15100-17199.6›CHAPTER 1. Bonds of School Districts and Community College Districts 15100-15262›ARTICLE 7. Purchase of Bonds by Issuing School Districts and Community College Districts 15220-15221
§ 15221
California Education Code · 2020-11 edition · updated 2026-10-04 · California
When any bonds issued by a district have been purchased by the governing board of the district, the bonds shall be deemed canceled and of no further validity. The governing board of the district shall immediately, after purchasing the bonds, notify the board of supervisors of its action, describing the bonds purchased. At its first meeting thereafter the board of supervisors shall note the purchase and cancellation of the bonds in the minutes of its proceedings.
(Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)
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