Public Utilities Code section 98310

The district may from time to time incur a bonded indebtedness as provided in this chapter to pay the cost of acquiring, constructing or completing the whole or any portion of any transit facilities, or for acquiring any works, lands, structures, rights, equipment, or other property necessary or convenient to carry out the objects, purposes, or powers of the district. The total amount of bonds issued and outstanding shall not exceed 1 percent of the assessed value of the taxable property of the district as shown by the last equalized assessment roll of the County of Santa Cruz.

Source: Section 98310, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=98310. (accessed May 4, 2025).

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Last Updated

Apr. 24, 2025

§ 98310’s source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_98310

Original Source: Section 98310, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=98310. (last accessed Apr. 24, 2025).