Cal. Pub. Util. Code § 16573

Current through the 2021 Legislative Session
Section 16573 - Limit on aggregate amount of funded indebtedness

No district shall incur any funded indebtedness which in the aggregate exceeds 20 percent of the assessed valuation of all real and personal property situated within the district.

Ca. Pub. Util. Code § 16573

Added by Stats. 1953, Ch. 72.