Code Section

Public Utilities Code - PUC

DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]

  ( Division 10 repealed and added by Stats. 1955, Ch. 1036. )
  

PART 15. SAN MATEO COUNTY TRANSIT DISTRICT [103000 - 103700]

  ( Part 15 added by Stats. 1974, Ch. 502. )
  

CHAPTER 5. Powers and Functions of District [103200 - 103399.1]

  ( Chapter 5 added by Stats. 1974, Ch. 502. )
  

ARTICLE 9. Taxation for Bond Redemption Purposes [103340 - 103348]
  ( Article 9 added by Stats. 1974, Ch. 502. )

  
103344.  

The board shall, on or before the first day of September, fix the rate of taxes, designating the number of cents upon each one hundred dollars ($100), and use as a basis the value of property transmitted to the board by the county auditor, which rate of taxation shall be sufficient to raise the amount previously fixed by the board.

(Added by Stats. 1974, Ch. 502.)