Taxes for the payment of the interest on or principal of any bonded debt shall be levied on the property within the district, or improvement district therein, that is benefited by the bonded debt, as determined by the board in the resolution declaring the necessity to incur the debt. Taxes for other purposes of the district shall be levied on all property in the district or portion thereof subject to the particular tax.
Cal. Water Code § 72096
Taxes Generally
Known as the Municipal Water District Law
The act spans §§ 71000–73001 (528 sections).
Added by Stats. 1963, Ch. 156.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.