The district shall not incur a total bonded indebtedness which exceeds 5 percent of the assessed value of all the taxable real and personal property within the district.
Cal. Pub. Util. Code § 101281
Issuance
Known as the Golden Empire Transit District Act
The act spans §§ 101000–101372 (180 sections).
Added by Stats. 1971, Ch. 1161.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.