CAF(LEGAL) - APPROPRIATIONS AND REVENUE SOURCES: CERTIFICATES OF INDEBTEDNESS

Payment of Certificates

Outstanding Certificates

Principal Maturity and Amount

  1. If the assessed valuation is more than $1 million and less than $15 million, the limiting factor is 25 cents;
  2. If the assessed valuation is $15 million or more but less than $35 million, the limiting factor is 15 cents; and
  3. If the assessed valuation is $35 million or more, the limiting factor is 5 cents.

Education Code 45.111(d)–(e)

Maturity

Interest

Procedures

Trinity Valley Community College

CAF(LEGAL)-LJC

UPDATE 30

DATE ISSUED: 3/16/2015