California Statutes
§ 55803. — 55803. (Added by Stats. 1991, Ch. 384, Sec. 1.)
California·Code GOV Government Code - GOV·Div. 2.·Title 5. DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES·Part 3. PART 3. AUTHORITIES·Ch. 1. CHAPTER 1. Counties Transaction and Use Tax
Limited tax bonds issued under this chapter may be used only for the following purposes:
(a)To finance the capital outlay expenditures to carry out the purposes of the retail transactions and use tax imposed by the authority.
(b)To pay costs incurred in the issuance of the limited tax bonds.
(c)To fund a reserve fund for the limited tax bonds.
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California § 55803. (55803. (Added by Stats. 1991, Ch. 384, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1991, Ch. 384, Sec. 1. Effective September 9, 1991.