California · Education Code
EDC §19726: The money shall be raised by taxation upon the taxable property in the district, for the redemption of the bonds and the payment of the interest thereon.
What this law says, in plain English
A district may collect taxes on property within its boundaries to pay back bonds and cover interest owed on those bonds.
Read the full statutory text
The money shall be raised by taxation upon the taxable property in the district, for the redemption of the bonds and the payment of the interest thereon.
Verify at the official source: California legislative text
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