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Section 131108 Of Chapter 3. Retail Transactions And Use Tax From California Public Utilities Code >> Division 12.5. >> Chapter 3.
131108
. (a) The board of supervisors, as part of the ballot
proposition to approve the imposition of a retail transactions and
use tax, may seek authorization to issue bonds as may be provided for
in the adopted county transportation expenditure plan payable solely
from the proceeds of the tax.
(b) The maximum bonded indebtedness which may be authorized shall be an amount equal to the sum of the principal of, and interest on, the bonds, but not to exceed the estimated proceeds of the tax, as determined by the plan.
(c) The proposition shall set forth the actual percent of the tax.
(d) The proposition shall set forth the duration of the tax if the plan specifies a time limit.
(e) The proposition shall set forth the amount of bonds, if any, payable from the proceeds of the tax.
(f) The proposition shall set forth either a county transportation authority or the commission as the agency imposing the tax.
(g) For an entity formed after 1978 which does not have an appropriations limit, the proposition shall include a limit pursuant to Article XIII B of the Constitution.
(h) The sample ballot to be mailed to the voters, pursuant to Section 13303 of the Elections Code, shall be the full proposition, as set forth in the ordinance calling the election, and the voter information handbook shall include the entire adopted county transportation expenditure plan.
(b) The maximum bonded indebtedness which may be authorized shall be an amount equal to the sum of the principal of, and interest on, the bonds, but not to exceed the estimated proceeds of the tax, as determined by the plan.
(c) The proposition shall set forth the actual percent of the tax.
(d) The proposition shall set forth the duration of the tax if the plan specifies a time limit.
(e) The proposition shall set forth the amount of bonds, if any, payable from the proceeds of the tax.
(f) The proposition shall set forth either a county transportation authority or the commission as the agency imposing the tax.
(g) For an entity formed after 1978 which does not have an appropriations limit, the proposition shall include a limit pursuant to Article XIII B of the Constitution.
(h) The sample ballot to be mailed to the voters, pursuant to Section 13303 of the Elections Code, shall be the full proposition, as set forth in the ordinance calling the election, and the voter information handbook shall include the entire adopted county transportation expenditure plan.
