Section 13938 Of Chapter 9. General Obligation Bonds From California Health And Safety Code >> Division 12. >> Part 2.7. >> Chapter 9.
13938
. (a) After incurring a general obligation indebtedness, and
annually thereafter until the indebtedness is paid or until there is
a sum in the district treasury in a special bond service fund set
apart for that purpose sufficient to meet all payments of principal
and interest on that indebtedness as it becomes due, the district
board shall adopt a resolution directing the county tax collector to
levy a tax on behalf of the district.
(b) The tax shall be in addition to all other taxes levied by and
for the district and shall be collected in the same manner and at the
same time as county taxes. A county may recover its costs as
provided by Section 29142 of the Government Code.
(c) The rate of the tax shall be fixed to result in proceeds which
are sufficient to pay any principal and interest which will become
due before the next proceeds of a tax to be levied will be available.