ARTICLE 2. Destruction of Unsold Bonds [29940. - 29943.]

Cal. Government Code - GOV 2.

in effect

Cal. Government Code - GOV § 29940. Section 29940.

At any time after two years subsequent to the date of any election authorizing the issuance of bonds for county purposes, the board of supervisors may determine that the sale of any bonds remaining unsold is inexpedient and order their destruction, pursuant to this article.

Cal. Government Code - GOV § 29941. Section 29941.

The board shall give notice of its intention to destroy the bonds by a notice published for one week in a newspaper of general circulation published and circulated in the county. The notice shall contain the time and place of the intended destruction, and the reason, and a general description of the character and amounts of the bonds. The time specified for the destruction of the bonds shall be at least one week after the date of completion of such publication.

Cal. Government Code - GOV § 29942. Section 29942.

At the time and place specified and in accordance with the terms of the notice, the board shall publicly destroy the bonds.

Cal. Government Code - GOV § 29943. Section 29943.

No other issue of bonds in place of those destroyed shall be made unless again authorized by a vote of the people.

Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026