Public Utilities Code section 12842

No district shall incur an indebtedness for public works which in the aggregate exceeds 20 percent of the assessed value of all the real and personal property within the district.

Source: Section 12842, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=12842. (updated Jan. 1, 1951; accessed Jun. 23, 2025).

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Jun. 23, 2025

§ 12842's source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_12842

Original Source: Section 12842, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=12842. (last accessed May 12, 2025).