California Statutes
§ 25216.1. — 25216.1. (Added by Stats. 2008, Ch. 158, Sec. 2.)
California·Code GOV Government Code - GOV·Div. 2.·Title 3. DIVISION 2. OFFICERS·Part 2. PART 2. BOARD OF SUPERVISORS·Ch. 2.5. CHAPTER 2.5. County Service Areas·Art. 7. ARTICLE 7. Capital Financing
(a)Whenever the board determines that it is necessary for a county service area to incur a general obligation bond indebtedness for the acquisition or improvement of real property, the board may proceed pursuant to Chapter 6 (commencing with Section 29900) of Division 3.
(b)The total amount of bonded indebtedness incurred pursuant to this section shall not at any time exceed 5 percent of the taxable property within the county service area as shown by the last equalized assessment roll.
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California § 25216.1. (25216.1. (Added by Stats. 2008, Ch. 158, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2008, Ch. 158, Sec. 2. Effective January 1, 2009.