Only the property in the special transit service district shall be taxable for the payment of the principal and interest on special transit service district bonds. Until the bonds are paid, taxes shall be levied in substantial compliance with Section 25893.
Cal. Pub. Util. Code § 27455
Bond Election
Known as the Transit District Law
The act spans §§ 24501 to 27509 (308 sections).
Added by Stats. 1959, Ch. 116.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.