Code Section

Public Utilities Code - PUC

DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]

  ( Division 10 repealed and added by Stats. 1955, Ch. 1036.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

PART 10. SANTA CRUZ METROPOLITAN TRANSIT DISTRICT [98000 - 98407]

  ( Part 10 added by Stats. 1967, Ch. 978. )
  

CHAPTER 6. Powers and Functions of District [98210 - 98296]

  ( Chapter 6 added by Stats. 1967, Ch. 978. )
  

ARTICLE 8. Property Taxation [98280 - 98289.5]
  ( Heading of Article 8 amended by Stats. 1977, Ch. 672. )

  
98285.  

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) using 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. 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. 1967, Ch. 978.)