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Section 67972 Of Chapter 3. Powers And Functions Of The Authority From California Government Code >> Title 7.96. >> Chapter 3.
67972
. (a) In the ordinance, the authority shall do all of the
following:
(1) State the nature of the tax to be imposed.
(2) Provide the tax rate or the maximum tax rate.
(3) Specify the period during which the tax will be imposed.
(4) Specify the purposes for which the revenue derived from the tax will be used.
(b) The tax rate may be in .25 percent increments and may not exceed a maximum tax rate of .50 percent.
(1) State the nature of the tax to be imposed.
(2) Provide the tax rate or the maximum tax rate.
(3) Specify the period during which the tax will be imposed.
(4) Specify the purposes for which the revenue derived from the tax will be used.
(b) The tax rate may be in .25 percent increments and may not exceed a maximum tax rate of .50 percent.
