California Statutes
§ 22905. — 22905. (Added by Stats. 1953, Ch. 151.)
California § 22905.
JurisdictionCalifornia
Code PUCPublic Utilities Code - PUC
Div. 9.DIVISION 9. AVIATION
Part 2.PART 2. AIRPORT DISTRICTS
Ch. 6.CHAPTER 6. Taxation
This text of California § 22905. (22905. (Added by Stats. 1953, Ch. 151.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Public Utilities Code - PUC Code § 22905. (2026).
Text
The bond tax shall be sufficient to pay the interest on the bonds for the year and the portion of the principal becoming due during the year. The bond tax shall also be sufficient to raise annually for the first half of the term of the bonds a sum sufficient to pay the interest for that period, and, during the balance of the term, sufficient to pay the annual interest and to pay annually a proportion of the principal equal to the amount produced by dividing the total amount of outstanding bonds by the number of years the bonds then have to run.
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Legislative History
Added by Stats. 1953, Ch. 151.
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Bluebook (online)
California § 22905., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/22905..