If the cost of any public utility works named in a petition so far exceeds the revenues of the district derived from the operation of its public utilities, in addition to the other necessary expenses of the district, that it is necessary to incur a district bonded indebtedness, each proposition shall specify the amount of the necessary bonded indebtedness, its rate of interest, and the question whether such bonded indebtedness shall be incurred.
Cal. Pub. Util. Code § 16812
Petition to Acquire Works
Known as the The Public Utility District Act
The act spans §§ 15501–18055 (309 sections).
Added by Stats. 1953, Ch. 72.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.