California · Public Utilities Code - PUC

PUC §13284: Only the property in a special district is taxable for the payment of the principal and interest on any refunding bonds which are issued for the purpose of refunding any indebtedness of a special dist

What this law says, in plain English

Property within a special district may be taxed to pay principal and interest on refunding bonds issued to pay off the district's existing debt.

Read the full statutory text

Only the property in a special district is taxable for the payment of the principal and interest on any refunding bonds which are issued for the purpose of refunding any indebtedness of a special district.

Verify at the official source: California legislative text

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