{"code":"PUC","codeName":"Public Utilities Code","section":"12842","citation":"Pub. Util. Code, § 12842","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 6. MUNICIPAL UTILITY DISTRICT ACT [11501. - 14403.5.]","url":"https://blackletter.si/public-utilities-code/division-6"},{"name":"CHAPTER 6. Powers and Functions of District [12701. - 13024.]","url":"https://blackletter.si/public-utilities-code/division-6/chapter-6"},{"name":"ARTICLE 6. Indebtedness [12841. - 12844.]","url":"https://blackletter.si/public-utilities-code/division-6/chapter-6/article-6"}],"history":"Enacted by Stats. 1951, Ch. 764.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/indebtedness-12842","source":"California Legislative Information bulk export (pubinfo)"}