The district shall not incur a total indebtedness under the provisions of this chapter which exceeds 15 percent of the assessed value of all taxable property within the district.
Cal. Pub. Util. Code § 102603
Miscellaneous
Known as the Sacramento Regional Transit District Act
The act spans §§ 102000–102700 (163 sections).
Added by Stats. 1971, Ch. 1374.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.