To aid in refunding the indebtedness of a district, entirely or partly within a city or unincorporated county territory, any city in which all or part of the district lies and the county in which it lies may:
(a) Appropriate money from any available fund.
(b) Contribute money owed to it for delinquent taxes upon property within the district by canceling such taxes.
(Added by Stats. 1951, Ch. 331.)