Public Utilities Code - PUC
DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]
( Division 10 repealed and added by Stats. 1955, Ch. 1036. ) PART 5. SAN JOAQUIN REGIONAL TRANSIT DISTRICT [50000 - 50507]
( Heading of Part 5 amended by Stats. 1994, Ch. 704, Sec. 9. ) CHAPTER 6. Powers and Functions of District [50160 - 50220]
( Chapter 6 added by Stats. 1963, Ch. 839. ) ARTICLE 8. Taxation [50210 - 50220]
( Article 8 added by Stats. 1963, Ch. 839. ) 50216.
The board shall, on or before the first weekday in September, or if such weekday falls upon a holiday then on the first business day thereafter, fix the rate of taxes, designating the number of cents upon each hundred dollars, using as a basis the value of property transmitted to the board by the county auditors, which rate of taxation shall be sufficient to raise the amount previously fixed by the board. These acts by the board shall constitute a valid assessment of the property and a valid levy of the taxes so fixed, but the rate of taxation shall not exceed the limit imposed by this article.
(Added by Stats. 1963, Ch. 839.)