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( Division 10 repealed and added by Stats. 1955, Ch. 1036.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 7. Bonds [50225 - 50266]
( Chapter 7 added by Stats. 1963, Ch. 839. ) ARTICLE 3. Issue and Sale [50245 - 50247]
( Article 3 added by Stats. 1963, Ch. 839. ) 50247.
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 division, 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.
(Added by Stats. 1963, Ch. 839.)