California Public Utilities Code 29150 – The district may borrow money, incur a bonded indebtedness in respect …
Current as of: 2024 | Check for updates
|
Other versions
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.
(Added by Stats. 1957, Ch. 1056.)
Terms Used In California Public Utilities Code 29150
- taxable property: as used in this part , shall not include solvent credits. See California Public Utilities Code 28506