If, in the opinion of the board, the transit operation revenues will not be sufficient for any and all lawful purposes, the board shall levy a tax for such purpose or purposes and fix the amount of money necessary to be raised therefor by taxation.
Cal. Pub. Util. Code § 40301
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.