California Statutes
§ 98342. — 98342. (Added by Stats. 1967, Ch. 978.)
California·Code PUC Public Utilities Code - PUC·Div. 10. DIVISION 10. TRANSIT DISTRICTS·Part 10. PART 10. SANTA CRUZ METROPOLITAN TRANSIT DISTRICT·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 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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California § 98342. (98342. (Added by Stats. 1967, Ch. 978.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1967, Ch. 978.