For the purpose of establishing the bonded debt limit of the district, “taxable property,” as used in this part, shall not include solvent credits.
Cal. Pub. Util. Code § 28506
General Provisions and Definitions
Known as the San Francisco Bay Area Rapid Transit District Act
The act spans §§ 28500–28509 (11 sections).
Added by Stats. 1957, Ch. 1056.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.