Cal. EDC § 35575
This is the official text of Cal. EDC § 35575, part of California’s Education Code — governs public schools, community colleges, and universities in California.
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Official statutory text
When territory is taken from one school district and annexed to another school district and the area transferred contains no public school property or buildings, the territory shall drop any liability for outstanding bonded indebtedness in the district of which it was formerly a part and shall automatically assume its proportionate share of the outstanding bonded indebtedness of the district of which it becomes a part.
Status: in_force · Read it on the official government site
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