Gov. Code, § 55803 · Chapter 1. Counties Transaction and Use Tax
Gov. Code, § 55803
Verbatim from the official edition
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Limited tax bonds issued under this chapter may be used only for the following purposes:
(a) To finance the capital outlay expenditures to carry out the purposes of the retail transactions and use tax imposed by the authority.
(b) To pay costs incurred in the issuance of the limited tax bonds.
(c) To fund a reserve fund for the limited tax bonds.
Notes and commentary — not statutory text
History
Added by Stats. 1991, Ch. 384, Sec. 1. Effective September 9, 1991.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=55803.
- Text hash
- sha256 2b11d19137b4ac0793eb7f7ae2bd13092fb125c8adce7cd17af1d6bf2a0fb866
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.