Public Utilities Code - PUC
DIVISION 7. PUBLIC UTILITY DISTRICT ACT [15501 - 18055]
( Division 7 added by Stats. 1953, Ch. 72. ) CHAPTER 4. Powers and Functions of Districts [16401 - 16682]
( Chapter 4 added by Stats. 1953, Ch. 72. ) ARTICLE 6. Indebtedness and Financing [16571 - 16580]
( Article 6 added by Stats. 1953, Ch. 72. ) 16573.
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.
(Added by Stats. 1953, Ch. 72.)