2025 California Code
Public Utilities Code - PUC
DIVISION 12 - COUNTY TRANSPORTATION COMMISSIONS
CHAPTER 4 - Powers and Functions
ARTICLE 9 - Transaction and Use Taxes in the County of Orange
Section 130409.

130409. An amended expenditure plan adopted pursuant to Section 130407 may include a provision to reduce a tax rate to percentages lower than that approved by the voters and may further provide for an increase of the tax rate if it has previously been lowered; but the tax rate may not be increased to a rate above the tax rate approved by the voters. Any revised tax rate may be adopted only if the commission determines, by a two-thirds vote, that the proceeds of the taxes with the altered tax rate will be sufficient to provide for the payment of principal and interest of any limited tax bonds and any other indebtedness incurred by the commission which was to be payable from the proceeds of the retail transactions and use tax.

(Added by Stats. 1983, Ch. 1320, Sec. 1.)