Streets and Highways Code section 25376

No bonds shall be issued by the district in an amount which will aggregate at any time an obligation in excess of 10 per cent of the assessed value of the aggregate total taxable property within the district as shown by the then current taxation assessment rolls of the several counties within the district.

Source: Section 25376, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=25376. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 25376’s source at ca.gov

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Location: https://california.public.law/codes/streets_and_highways_code_section_25376

Original Source: Section 25376, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=25376. (last accessed Apr. 24, 2025).