California Statutes
§ 30704. — 30704. (Added by Stats. 1964, 1st Ex. Sess., Ch. 62.)
California·Code PUC Public Utilities Code - PUC·Div. 10. DIVISION 10. TRANSIT DISTRICTS·Part 3. PART 3. SOUTHERN CALIFORNIA RAPID TRANSIT DISTRICT·Ch. 5. CHAPTER 5. Powers and Functions of District·Art. 7. ARTICLE 7. Indebtedness
The district shall not incur an indebtedness which exceeds in the aggregate 15 percent of the assessed value of all real and personal property in the district. Within the meaning of this section, “indebtedness” includes, without limitation, any and all forms thereof which the district is authorized to issue by this part or by any other law.
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California § 30704. (30704. (Added by Stats. 1964, 1st Ex. Sess., Ch. 62.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1964, 1st Ex. Sess., Ch. 62.