California Statutes
§ 12842. — 12842. (Enacted by Stats. 1951, Ch. 764.)
California·Code PUC Public Utilities Code - PUC·Div. 6. DIVISION 6. MUNICIPAL UTILITY DISTRICT ACT·Ch. 6. CHAPTER 6. Powers and Functions of District·Art. 6. ARTICLE 6. Indebtedness
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.
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California § 12842. (12842. (Enacted by Stats. 1951, Ch. 764.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1951, Ch. 764.