§ 15103
74 words·~1 min read·
/ca/education-code/15103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law, for the purpose of computing the limit on the amount of bonds which may be issued by a district pursuant to the provisions of this chapter, the taxable property of the district shall be determined upon the basis that the district’s assessed value has not been reduced by the exemption of the assessed value of business inventories in the district or reduced by the homeowner’s property tax exemption.