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California Revenue and Taxation Code

§ 2275

RTC § 2275Div. 1 · Part 4 · Ch. 3 · Art. 5

Statute text

View on leginfo.ca.gov
A local agency may levy, or have levied on its behalf, a rate in addition to the maximum property tax rate established pursuant to this chapter (commencing with Section 2201) to pay the cost of interest and redemption charges, together with any reserve or sinking funds required in connection therewith, on any note or other evidence of indebtedness which such agency is authorized by statute to issue in the event of emergencies involving major damage to, and destruction of, such agency’s works or facilities. Such rate shall be levied without regard to the provisions of Section 2274.

Legislative history

Added by Stats. 1973, Ch. 358.

Source: California Revenue and Taxation Code § 2275 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.