Public Utilities Code section 102603

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.

Source: Section 102603, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=102603. (updated Jan. 1, 1971; accessed Jun. 26, 2026).

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Jun. 26, 2026

§ 102603's source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_102603

Original Source: Section 102603, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=102603. (last accessed May 12, 2025).