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Legal Resources | Education Code |  EC  15412  

School Facilities Improvement District; Tax for Payment of Bonds   

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The board of supervisors of the county whose superintendent of schools has jurisdiction over the school district or community college district in which the school facilities improvement district is located, shall annually at the time of making the levy of taxes for county purposes estimate the amount of money required to meet the payment of the principal and interest on bonds of the district authorized by the electors of the district and not sold, and that the governing board of the school district or community college district informs the board on their belief will be sold before the next tax levy, and the board of supervisors shall levy a tax sufficient to pay the principal and interest so estimated.

(Added by Stats. 1997, Ch. 893, Sec. 76.)