Section 25904 Of Article 8. Taxation From California Public Utilities Code >> Division 10. >> Part 1. >> Chapter 6. >> Article 8.
25904
. Whenever one or more special transit service districts are
created and established pursuant to Chapter 10.5 (commencing at
Section 27401), taxes in excess of one cent ($0.01) per one hundred
dollars ($100) of assessed valuation shall not thereafter be levied
against any property not within the boundaries of a special transit
service district, excepting, however, taxes sufficient to pay the
principal or interest or both on any bonded indebtedness theretofore
or thereafter incurred by a district as a whole. The creation of a
special transit service district does not invalidate, in any manner,
any taxes or assessments previously levied or assessed against any
property of the district, either within or without the boundaries of
a special transit service district.