The district may levy and collect, or cause to be collected, taxes for any lawful purpose subject to a maximum limit of five cents ($0.05) per one hundred dollars ($100) of assessed valuation within the district exclusive of any tax levied to meet the bonded indebtedness of the district and the interest thereon.
Cal. Pub. Util. Code § 40300
Property Taxation
Known as the Orange County Transit District Act
The act spans §§ 40000–40617 (136 sections).
Added by Stats. 1974, Ch. 508.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.