DIVISION 3. CALIFORNIA TRANSPORTATION FINANCING AUTHORITY 64100-64132›CHAPTER 1. General Provisions 64800›ARTICLE 2. Bonds 64820-64826

§ 64821

California Government Code · 2026-09 edition · updated 2026-09-27 · California

(a) The agency, with approval of two-thirds of the voters, may levy ad valorem property taxes to secure debt pursuant to paragraph (2) of subdivision (b) of Section 1 of Article XIII A of the California Constitution.

(b) For purposes of incurring bonded indebtedness pursuant to this section, the agency shall comply with the requirements of Chapter 3 (commencing with Section 53400) of Part 1 of Division 2 of Title 5.

(Added by Stats. 2022, Ch. 661, Sec. 1. (SB 679) Effective January 1, 2023.)

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California Government Code

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