§ 29183 Bond Payment Tax Levy

Public Utilities Code·California

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Key Takeaways

•The district can pay back bonds (like loans) by collecting taxes from property owners.
•There’s no limit on how much tax they can charge for this.
•If the district has extra money (like from other funds), they don’t have to tax as much.

Example

Imagine your town needs money to build a new school, so they take out a big loan (bond).

The town can pay back this loan by charging taxes on homes and businesses. If the town already has extra money saved up, they might not need to charge as much in taxes.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 29183 Bond Payment Tax Levy

The district shall provide for the payment of the principal of and interest on the bonds by the levy and collection of taxes upon all property in the district subject to taxation by the district without limitation of rate or amount as provided in Sections 29121 and 29122 of this part, except that such taxes need not be levied to the extent that the district deposits in the treasury set apart for that purpose moneys derived from surplus revenues or any appropriations which may be made to it for that purpose or from any other funds howsoever derived. (Added by Stats. 1957, Ch. 1056.)

Last verified: January 23, 2026

Key Terms

principal interest bonds levy and collection of taxes surplus revenues appropriations

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 29183.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References