Cal. Pub. Util. Code § 29150
Current through the 2023 Legislative Session.
The district may borrow money, incur a bonded indebtedness in respect thereto, and levy taxes for the payment of principal and interest thereon, in the manner provided in Chapter 7 of this part, but no such bonded debt shall exceed fifteen (15) percent of the assessed valuation of taxable property within the district.
Ca. Pub. Util. Code § 29150