§ 90642
77 words·~1 min read·
/ca/public-utilities-code/90642A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In lieu of the immediate levy of a tax to pay the interest or any part thereof on any bonded indebtedness incurred in accordance with this part the board may, in the estimate of the amount of money necessary to be raised by the bonds, include a sum sufficient to pay interest on all of the bonds or part thereof during the period of acquisition, construction, or completion, but for no period in excess of five years.