GroundRules
PUC § 98342
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 3. Issue and Sale [98340. - 98342.]
In lieu of the immediate levy of a tax to pay the interest or any part thereof on any bonded indebtedness incurred in accordance with this part the board may, in the estimate of the amount of money necessary to be raised by the bonds, include a sum sufficient to pay interest on all of the bonds or part thereof during the period of acquisition, construction, or completion, but for no period in excess of five years.
Collected 2026-09-14T05:56:33Z. Source file · JSON