GroundRules
PUC § 98310
Where this section sits in the code
- Public Utilities Code - PUC
- DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]
- PART 10. SANTA CRUZ METROPOLITAN TRANSIT DISTRICT [98000. - 98407.]
- CHAPTER 7. Bonds [98310. - 98381.]
- ARTICLE 1. Issuance [98310. - 98318.]
The district may from time to time incur a bonded indebtedness as provided in this chapter to pay the cost of acquiring, constructing or completing the whole or any portion of any transit facilities, or for acquiring any works, lands, structures, rights, equipment, or other property necessary or convenient to carry out the objects, purposes, or powers of the district. The total amount of bonds issued and outstanding shall not exceed 1 percent of the assessed value of the taxable property of the district as shown by the last equalized assessment roll of the County of Santa Cruz.
Collected 2026-09-14T05:56:33Z. Source file · JSON