Section 15340 - Calling election; school district or community college district election; indebtedness payable from taxes; bonds deemed district bonds(a) After adopting the resolution ordering the formation of the school facilities improvement district, the governing board may provide for and call a special bond election within the school facilities improvement district pursuant to Chapter 1 (commencing with Section 15100) and, if applicable, pursuant to Chapter 1.5 (commencing with Section 15264), except as otherwise provided in this chapter, for the approval of a proposition of whether an indebtedness of the school facilities improvement district shall be incurred through the issuance of bonds for the school facilities improvement district. The election shall be deemed to be a school district or community college district election, as appropriate, for purposes of Chapter 1 (commencing with Section 15100).(b) The indebtedness and the bonds shall be payable from taxes to be levied and collected upon lands located within the school facilities improvement district. The bonds shall be deemed to be bonds of the school district or community college district that created the school facilities improvement district, issued for the benefit of the land within the school facilities improvement district.Amended by Stats 2007 ch 670 (AB 373),s 23, eff. 1/1/2008.Amended by Stats 2002 ch 199 (AB 693),s 2, eff. 1/1/2003.Amended by Stats 2001 ch 132 (SB 1129), s 4, eff. 1/1/2002.Previously Amended October 10, 1999 (Bill Number: AB 695) (Chapter 858).