California § 90642. 90642. (Added by Stats. 1965, Ch. 2039.)

California Statutes

§ 90642. — 90642. (Added by Stats. 1965, Ch. 2039.)

California § 90642.

JurisdictionCalifornia

Code PUCPublic Utilities Code - PUC

Div. 10.DIVISION 10. TRANSIT DISTRICTS

Part 8.PART 8. SAN DIEGO COUNTY TRANSIT DISTRICT

Ch. 7.CHAPTER 7. Bonds

Art. 3.ARTICLE 3. Issue and Sale

This text of California § 90642. (90642. (Added by Stats. 1965, Ch. 2039.)) 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 § 90642. (2026).

Text

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 part 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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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 part 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.

Legislative History

Added by Stats. 1965, Ch. 2039.

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California § 90642., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/90642..