BlackletterCalifornia law

Revenue and Taxation Code § 97.77

ARTICLE 3. Revenue Allocation Shifts for Education

Current as of September 28, 2026Rev. & Tax. Code, § 97.77Official source ↗

Added by Stats. 2004, Ch. 211, Sec. 28. Effective August 5, 2004.

An enterprise special district and a nonenterprise special district shall not pledge, on or after July 1, 2004, and before June 30, 2006, through a bond covenant to pay debt service costs on debt instruments issued by the district, any ad valorem property tax revenue that would otherwise be dedicated to the reduction required by Sections 97.72 and 97.73.