California Law (Last Updated: March 4, 2014) |
Revenue and Taxation Code - RTC |
Division 1. PROPERTY TAXATION |
Part 4. LEVY OF TAX |
Chapter 3. Reimbursement for Costs Mandated by the State |
ARTICLE 5. Additional Property Tax Rates |
Section 2279.1.
Latest version.
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A local agency may levy, or have levied on its behalf, a rate in addition to the maximum property tax rate established pursuant to this chapter for interest and redemption charges on amounts borrowed pursuant to Section 54902.1 of the Government Code.
(Added by renumbering Section 2279 by Stats. 1979, Ch. 516.)