California · Government Code

GOV §29922: At the time of making the next general tax levy after incurring the bonded indebtedness, and annually thereafter until all of the bonds are paid or until there is a sum in the treasury set apart for t

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What this law says, in plain English

This statute requires a tax levy to be made after bonded indebtedness is incurred, and annually thereafter until bonds are paid or sufficient treasury funds are set aside.

Read the full statutory text

At the time of making the next general tax levy after incurring the bonded indebtedness, and annually thereafter until all of the bonds are paid or until there is a sum in the treasury set apart for that purpose sufficient to meet all principal and interest on the bonds, the board shall levy a tax for that year upon the taxable property of the county for the interest and redemption of the bonds.

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