California Streets and Highways Code

§ 31856

SHC § 31856Div. 18 · Part 1 · Ch. 10

Statute text

Property for additional parking places may be acquired by any of the following means:

(a)By a lump sum payment or by contract of purchase with payments made annually, or otherwise, over a period of years, but that contract shall not provide for payments to be over a period longer than 25 years from the date of the contract. The purchase price may be paid from the limited taxes levied for acquisition of parking places under Section 31822, from revenues derived from operation of parking places of the district, or from any other funds of the district available for the purpose.

(b)By lease, but the lease shall not run for a period longer than 25 years. Rental on any lease may be paid from revenues derived from the operation of parking places of the district, from the limited taxes levied for maintenance, operation, repair, and improvement under Section 31822, or from any other funds of the district available for the purpose.

…

Legislative history

Amended by Stats. 1981, Ch. 714, Sec. 431.