California Statutes
§ 9082. — 9082. (Added by Stats. 2003, Ch. 57, Sec. 5.)
California·Code HSC Health and Safety Code - HSC·Div. 8. DIVISION 8. CEMETERIES·Part 4. PART 4. PUBLIC CEMETERY DISTRICTS·Ch. 7. CHAPTER 7. Alternative Revenues
(a)Whenever a board of trustees determines that it is necessary to incur a general obligation bond indebtedness for the acquisition or improvement of real property, the board of trustees may proceed pursuant to Article 11 (commencing with Section 5790) of Chapter 4 of Division 5 of the Public Resources Code. For the purposes of that article, the board of trustees shall be considered the board of directors of the district.
(b)Notwithstanding subdivision (a), a district shall not incur indebtedness that exceeds 2 percent of the assessed value of all taxable property in the district at the time the bonds are issued.
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California § 9082. (9082. (Added by Stats. 2003, Ch. 57, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2003, Ch. 57, Sec. 5. Effective January 1, 2004.