When the board of trustees of the library district determines that the purpose and object of the bonds has been accomplished, it may request the board of supervisors to cause any unsold bonds to be issued and sold and the proceeds thereof used for any or all of the purposes set forth in Section 18510.
Article 14.5Sale of Unsold Bonds
Section § 18555
If a library district's board of trustees decides that the money from issued bonds has achieved its intended goals, they can ask the local government to sell any remaining bonds. The money from selling these unsold bonds can then be used for specific purposes previously identified.
library district board of trustees unsold bonds bond proceeds issued bonds request to sell board of supervisors accomplished purpose Section 18510 library funding bond sales financial management local government trustees determination bond utilization
Section § 18556
If the board of trustees wants to make a request, most members must sign it. Then, the supervisors have to set a hearing date within 30 days and announce it in a local newspaper for at least 10 days before the hearing. If there's no local newspaper, they should use one from the county seat. The notice should mention when and where the hearing is and what the request is generally about.
Upon receiving the request, signed by a majority of the members of the board of trustees, the supervisors shall fix a time for hearing the request, which shall not be more than 30 days thereafter, and shall cause a notice, stating the time and place of hearing, and the object of the request in general terms, to be published for 10 days prior to the day of hearing in a newspaper published in the library district, if there is one, and if there is no newspaper published in the library district, then in a newspaper published at the county seat of the county in which the library district or part thereof is situated.
board of trustees request hearing supervisors newspaper notice library district majority sign county seat hearing date publication requirement hearing notice
Section § 18557
This law section explains the process for granting a request related to a library district. At a scheduled hearing, supervisors listen to reasons for or against granting the request. If no petition is filed by enough voters asking for an election, the supervisors can approve the request if it's in the library district's best interest. If approved, they will order that any unsold bonds be sold and used for specified purposes.
At the time and place designated in the notice for hearing the request, or at any subsequent time to which the hearing may be postponed, the supervisors shall hear any reasons that may be submitted for or against the granting of the request. If, before the conclusion of the hearing, a petition signed by registered voters within the district equal to not less than 10 percent of the vote cast within the boundaries of the district for all candidates for governor at the last gubernatorial election requesting an election is not filed, the board of supervisors may, if they determine it to be for the best interests of the library district, grant the request. In such event, they shall make and enter an order in the minutes of their proceedings that the unsold bonds shall be sold and the proceeds used for the purposes specified in the request.
library district hearing supervisors request granting petition by voters 10 percent threshold gubernatorial election vote unsold bonds use of proceeds board of supervisors decision voter engagement sale of bonds community interest request for election hearing postponement
Section § 18558
If a certain petition is filed regarding school district matters, the board of supervisors must first give the local voters the chance to decide on it, similar to a local voting process known as a referendum.
In the event a petition, as set forth in Section 18557, is filed, the board of supervisors shall not grant the request without first submitting the question to the voters in the same manner and with the same effect as provided for a referendum by the electors of a district pursuant to Section 9340 of the Elections Code.
petition board of supervisors voter submission referendum school district decision local electors Section 18557 Section 9340 Elections Code voter decision process local voting procedure district voters question submission electorate participation voter approval
