California Statutes
§ 1205. — 1205. (Amended by Stats. 1959, Ch. 895.)
California·Code MVC Military and Veterans Code - MVC·Div. 6. DIVISION 6. VETERANS BUILDINGS, MEMORIALS, AND CEMETERIES·Ch. 1. CHAPTER 1. Memorial Districts·Art. 2. ARTICLE 2. Management
The memorial district tax levied in any one year shall not exceed the rate of three-tenths of one cent ($0.003) on each dollar ($1) of the assessed valuation of all taxable property in the district, exclusive of any tax which may be required to pay the principal of and interest upon any bonded indebtedness of the district. In no event shall the tax exceed an amount that is sufficient to pay the estimated expenses of operating and maintaining the memorial district for the next year and the estimated capital outlay of the district for the next two years.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 1205. (1205. (Amended by Stats. 1959, Ch. 895.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1959, Ch. 895.