Cal. Pub. Util. Code § 12842

Current through the 2023 Legislative Session.
Section 12842 - Limit on amount of indebtedness incurred

No district shall incur an indebtedness for public works which in the aggregate exceeds 20 percent of the assessed value of all the real and personal property within the district.

Ca. Pub. Util. Code § 12842

Enacted by Stats. 1951, Ch. 764.