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Bonds of Improvement Districts: Statement of Limitation on Levy

San Diego Municipal Code § 61.1109
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§61.1109 Bonds of Improvement Districts: Statement of Limitation on Levy The bonds shall be special obligations of and be issued on behalf of the improvement district, and shall be designated in accordance with the prior proceedings. Each bond shall state, in substance, that the bond is not a general obligation of the City, nor is the credit of the City or the property or revenue of any public utility owned by the City pledged for its payment; and that the bond is a special obligation of and is issued on behalf of the improvement district; and that taxes levied for the payment of the interest thereon and principal thereof shall be levied exclusively upon the taxable land in the improvement district. (“Bonds of Improvement Districts: Statement of Limitation on Levy” added 1–20–1970 by O–10214 N.S.)
Source: City of San Diego Office of the City Clerk, San Diego Municipal Code and City Charter (docs.sandiego.gov PDFs)URL: https://docs.sandiego.gov/municode/MuniCodeChapter06/Ch06Art01Division11.pdf#page=3Fetched: 10/28/2026

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61.1109 | Corpus