California Streets and Highways Code

§ 8220

SHC § 8220Div. 9 · Part 2 · Ch. 9

Statute text

Annually on or before August 1st, the commission shall furnish to the board of supervisors and auditor of the county an estimate in writing of the amount of money necessary to be raised by taxation for the purposes of the district for the ensuing fiscal year. The amount shall be sufficient to pay:

(a)The interest on all outstanding bonds of the district which will become due during the ensuing fiscal year.

(b)The principal of all outstanding bonds of the district which will mature during the ensuing fiscal year.

…

Legislative history

Amended by Stats. 1970, Ch. 17.