SECTIONS 98400-98407 - California Statutes

PUBLIC UTILITIES CODE

SECTION 98400-98407

98400. 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.

98401. 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.

98402. 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 election shall be held on the next
established election date not less than 74 days from the date of the
first publication of the notice.

98403. 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:
__________________________________________________________
| |
| YES |
Shall the Santa Cruz Metropolitan Transit |_____|_____
District be dissolved | |
| NO |
______________________________________________|_____|_____

98404. The board shall canvass the vote. If a majority of the votes
favor dissolution, the board shall by resolution dissolve the
district.

98405. 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.

98406. Upon dissolution the right, title and interest to property
owned or controlled by the district shall be divided among the cities
within the district and the county according to the ratio which the
assessed valuation of taxable property of each city within the
district and the unincorporated area within the district bears to the
total assessed valuation of taxable property within the district.

98407. 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.