The board, as part of the ballot proposition to approve the imposition of a retail transactions and use tax, may seek authorization to issue bonds payable from the proceeds of the tax.
Cal. Pub. Util. Code § 120486
Transactions and Use Tax
Known as the Mills-Deddeh Transit Development Act
The act spans §§ 120000–120702 (105 sections).
Added by Stats. 2017, Ch. 658, Sec. 7
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.