California · Harbors and Navigation Code - HNC

HNC §7261: To the extent to which moneys are in the treasury from a source other than the annual tax levy required by Section 7260 and are set apart for the payment of principal of and interest on indebtedness a

What this law says, in plain English

This statute addresses how treasury funds from sources other than annual tax levies may be allocated for debt principal and interest payments.

Read the full statutory text

To the extent to which moneys are in the treasury from a source other than the annual tax levy required by Section 7260 and are set apart for the payment of principal of and interest on indebtedness as provided in Section 7260, the tax therein required may be reduced.

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