California Law (Last Updated: March 4, 2014) |
Public Utilities Code - PUC |
Division 10. TRANSIT DISTRICTS |
Part 2. SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT |
Chapter 7. Taxation |
ARTICLE 1. Property Taxation |
Section 29122.
Latest version.
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The taxes required to be levied and collected on account of interest, principal, and sinking fund of general obligation bonds of the district shall be in addition to all other taxes levied for district purposes, and shall be collected at the time and in the same manner as other district taxes are collected, and be used for no other purpose than the payment of the bonds and accruing interest.
(Added by Stats. 1957, Ch. 1056.)