California Public Utilities Code 12842 – No district shall incur an indebtedness for public works which in the …
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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.
(Enacted by Stats. 1951, Ch. 764.)
Terms Used In California Public Utilities Code 12842
- Personal property: All property that is not real property.