SECTIONS 40500-40507 - California Statutes

PUBLIC UTILITIES CODE

SECTION 40500-40507

40500. The board may call an election any time for the purpose of
submitting to the voters of the district the question of whether the
district will be dissolved. Upon the filing with the clerk of the
district of a petition signed by voters within the district equal in
number to at least twenty-five percent (25%) of the total vote cast
within the district at the last general statewide election asking
that the question of dissolution of the district be submitted to the
voters of the district, the board shall call such an election.

40501. The election for the purpose of submitting to the voters of
the district the question of whether or not the district shall be
dissolved shall be held on the next established election date not
less than 74 days next succeeding the date on which the petition is
filed.

40502. Notice of any election for dissolution, whether called
because of the filing of a petition or ordered by the board without
petition, shall be published. The date fixed for the election shall
not be less than 30 days from the date of the first publication of
the notice.

40503. The ballots for the election shall contain substantially the
instructions required to be printed on ballots for use at general
state and county elections and in addition the following:

-------------------------------------+--------+----
Shall the Orange County Transit | YES |
District | |
-------------------------------------+--------+----
be dissolved? | NO |
-------------------------------------+--------+----

40504. The board shall canvass the vote. If a majority of the votes
favor dissolution, the board shall by resolution dissolve the
district.

40505. The board shall file a certified copy of the resolution with
the Secretary of State and for record in the office of the county
recorder.

40506. Upon dissolution the right, title, and interest to property
owned or controlled by the district situated within the limits of any
city vests absolutely in the city. If such property is situated
outside the limits of a city, it vests in the county in which it is
situated.

40507. The board of supervisors is, ex officio, the governing body
of the dissolved district. It may levy taxes and assessments and
perform other acts necessary to wind up the district affairs and to
raise money for the payment of outstanding indebtedness.