A city shall not incur an indebtedness for public improvements which exceeds in the aggregate 15 percent of the assessed value of all real and personal property of the city. Within the meaning of this section “indebtedness” means bonded indebtedness of the city payable from the proceeds of taxes levied upon taxable property in the city.
Cal. Gov. Code § 43605
General
Applied in 5 court decisions — leading case 31 Cal. 3d 318 - Carman v. Alvord (1982)
Most recently applied in 31 Cal. 3d 318 - Carman v. Alvord (May 1982)
Amended by Stats. 1955, Ch. 334.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.