A local agency may levy, or have levied on its behalf, a rate in addition to the maximum property tax rate established pursuant to this chapter for interest and redemption charges on amounts borrowed pursuant to Section 54902.1 of the Government Code.
Cal. Rev. & Tax. Code § 2279.1
Additional Property Tax Rates
Added by renumbering Section 2279 by Stats. 1979, Ch. 516.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.