Cal. Pub. Resources Code § 49177

Current through the 2023 Legislative Session.

Section 49177 - Bonds and interest paid from tax revenues; bonds exempt from taxation

Bonds and interest thereon shall be paid by revenue derived from an annual tax upon the property in the district, and all the property in the district shall be and remain liable to be taxed for those payments.

The bonds and the interest thereon shall not be taxable in this state.

Ca. Pub. Res. Code § 49177

Added by Stats. 1989, Ch. 1095, Sec. 22.