California § 6550.12 - Any moneys required to be raised from taxes for the purpose of paying the princip
Full text of California Public Contract Code - PCC § 6550.12 — Any moneys required to be raised from taxes for the purpose of paying the princip, with citation guidance and answers to common questions.
§ 6550.12. Any moneys required to be raised from taxes for the purpose of paying the princip
Any moneys required to be raised from taxes for the purpose of paying the principal of and interest on bonds of the district for an improvement district shall be derived exclusively from an annual tax upon the taxable property in the improvement district of such sanitary district, and all the taxable property within the improvement district of such sanitary district shall be and remain liable to be taxed for such payments. The district board shall annually, at the time and in the manner of levying other district taxes, levy and cause to be collected a tax upon the taxable property in the improvement district, based upon the last equalized assessment roll of the district, sufficient to pay the interest on the bonds for that year and such portion of the principal as is to become due before the time for making the next general tax levy. Such bonds and the interest thereon shall not be taxable in this state.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 6550.12
What does Public Contract Code - PCC § 6550.12 cover?
Section 6550.12 ("Any moneys required to be raised from taxes for the purpose of paying the princip") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 6550.12?
A common citation format is "Public Contract Code - PCC § 6550.12" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 6550.12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.