California Public Utilities Code 96152 – The district shall not incur an indebtedness under Chapter 7 …
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The district shall not incur an indebtedness under Chapter 7 (commencing with Section 96400) of this part which in the aggregate exceeds two (2) percent of the assessed value of all the real and personal property within the district.
(Added by Stats. 1965, Ch. 1835.)
Terms Used In California Public Utilities Code 96152
- Personal property: All property that is not real property.