Statute · California Government Code
Cal. Gov't Code § 55803 — Counties Transaction and Use Tax
Cal. Gov't Code § 55803
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1991-09-09
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Limited tax bonds issued under this chapter may be used only for the following purposes:
Citator
Cal. Gov't Code § 55803 — Counties Transaction and Use Tax is in force in the current edition of the Code, and nothing recorded condemns it.
Limited tax bonds issued under this chapter may be used only for the following purposes:
(a) To finance the capital outlay expenditures to carry out the purposes of the retail transactions and use tax imposed by the authority.
(b) To pay costs incurred in the issuance of the limited tax bonds.
(c) To fund a reserve fund for the limited tax bonds.