The agency, in the ordinance adopted pursuant to Section 26299.041, shall state the nature of the tax to be imposed, the tax rate, the period during which the tax will be imposed, which of the financing activities enumerated in Section 26299.031 the agency proposes to exercise, and the specific activities and purposes, if any, for which the agency proposes to allocate any fixed portion of the tax proceeds. The purposes for which the tax may be imposed are the general governmental purposes of the agency as set forth in Section 26299.031.
The proposition shall include an appropriations limit for the agency pursuant to Section 4 of Article XIII B of the California Constitution.
(Added by Stats. 1989, Ch. 1335, Sec. 1.5.)
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