The legislative body may levy and collect in any year upon and against all of the taxable land and improvements within the district a special ad valorem assessment sufficient to raise a sum of money not exceeding the net amount determined pursuant to Section 11803 but the rate of assessment in any one year shall not exceed fifty cents ($0.50) on each one hundred dollars ($100) assessed value as shown on the assessment roll used by the city for city taxation.
Cal. Sts. & High. Code § 11804
Special Ad Valorem Assessments
Known as the Pedestrian Mall Law
The act spans §§ 11000–11806 (58 sections).
Amended by Stats. 1965, Ch. 765.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.