The total amount of bonds issued shall not exceed 15 percent of the taxable property of the district as shown by the last equalized assessment books of the affected counties.
Cal. Pub. Util. Code § 22779
Bond Issuance
Known as the California Airport District Act
The act spans §§ 22001–22909 (126 sections).
Added by Stats. 1953, Ch. 151.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.