As used in this article: (a) âBoardâ means the Pooled Money Investment Board. (b) âLocal agencyâ means a city, county, city and county, special district, school district, county board of education, or community college district which levied a property tax during the 1977â78 fiscal year or for which a property tax was levied. âLocal agencyâ also means any city, special district, or school district formed during the 1977â78 fiscal year which was authorized to levy a property tax but did not actually levy such a tax for that year.
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