California Government Code

§ 57502

GOV § 57502 Effective Sep 9, 1985Div. 3 · Title 5 · Part 5 · Ch. 8

Statute text

The territory of a consolidated district shall be liable for payment of principal, interest, and any other amounts which become due on account of any outstanding or then authorized but thereafter issued bonds, including revenue bonds, or other contracts or obligations of all predecessor districts, and are subject to the levying or fixing and collection of any of the following which may be necessary to provide for payment:

(a)Taxes or assessments.

(b)Service charges, rentals, or rates.

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Legislative history

Added by Stats. 1985, Ch. 541, Sec. 3. Effective September 9, 1985. Operative January 1, 1986, by Sec. 5 of Ch. 541.