To the extent to which moneys are in the treasury from a source other than the annual tax levy required by Section 7260 and are set apart for the payment of principal of and interest on indebtedness as provided in Section 7260, the tax therein required may be reduced.
Cal. Harb. & Nav. Code § 7261
Taxation
Known as the Small Craft Harbor District Law
The act spans §§ 7000–7340 (136 sections).
Added by Stats. 1959, Ch. 1598.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.