California Statutes
§ 13263. — 13263. (Enacted by Stats. 1951, Ch. 764.)
California·Code PUC Public Utilities Code - PUC·Div. 6. DIVISION 6. MUNICIPAL UTILITY DISTRICT ACT·Ch. 7. CHAPTER 7. 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 division, 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 § 13263. (13263. (Enacted by Stats. 1951, Ch. 764.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1951, Ch. 764.