Cal. EDC § 15103
This is the official text of Cal. EDC § 15103, part of California’s Education Code — governs public schools, community colleges, and universities in California.
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Official statutory text
Notwithstanding any other provision of law, for the purpose of computing the limit on the amount of bonds which may be issued by a district pursuant to the provisions of this chapter, the taxable property of the district shall be determined upon the basis that the district’s assessed value has not been reduced by the exemption of the assessed value of business inventories in the district or reduced by the homeowner’s property tax exemption.
Status: in_force · Read it on the official government site
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