Public Utilities Code section 29150

The district may borrow money, incur a bonded indebtedness in respect thereto, and levy taxes for the payment of principal and interest thereon, in the manner provided in Chapter 7 of this part, but no such bonded debt shall exceed fifteen (15) percent of the assessed valuation of taxable property within the district.

Source: Section 29150, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=PUC§ionNum=29150.­ (updated Jan. 1, 1957; accessed Jun. 25, 2025).

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Verified:
Jun. 30, 2025

§ 29150's source at ca​.gov