California Revenue and Taxation Code

§ 2280

RTC § 2280Div. 1 · Part 4 · Ch. 3 · Art. 5

Statute text

A special district may levy, or have levied on its behalf, a rate in addition to the maximum property tax rate established pursuant to this chapter in order to pay the extraordinary costs of purchasing electricity for use for street lighting which was in operating condition in the 1972–73 fiscal year. This section shall apply only to special districts that were in existence on January 1, 1976, and which have as their sole and exclusive purpose the provision of street lighting services. Such additional rate shall be determined in the following manner:

(1)The special district shall determine the actual cost of electricity used for street lighting purposes during the 1972–73 fiscal year.

(2)The special district shall then determine the property tax rate which, applied to such district’s assessed valuation in the 1972–73 fiscal year, would have produced an amount of revenue equivalent to the costs determined pursuant to subdivision (1).

…

Legislative history

Added by Stats. 1976, Ch. 461.