California Statutes
§ 101312. — 101312. (Added by Stats. 1971, Ch. 1161.)
California·Code PUC Public Utilities Code - PUC·Div. 10. DIVISION 10. TRANSIT DISTRICTS·Part 13. PART 13. GOLDEN EMPIRE TRANSIT DISTRICT·Ch. 8. CHAPTER 8. Bonds·Art. 3. ARTICLE 3. Issue and Sale
In lieu of the immediate levy of a tax to pay the interest, or any part thereof, on any bonded indebtedness incurred in accordance with this chapter, the board may, in the estimate of the amount of money necessary to be raised by the bonds, include a sum sufficient to pay interest on all of the bonds, or part thereof, during the period of acquisition, construction, or completion, but for no period in excess of five years.
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California § 101312. (101312. (Added by Stats. 1971, Ch. 1161.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1971, Ch. 1161.