{"code":"PUC","codeName":"Public Utilities Code","section":"16573","citation":"Pub. Util. Code, § 16573","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 7. PUBLIC UTILITY DISTRICT ACT [15501. - 18055.]","url":"https://blackletter.si/public-utilities-code/division-7"},{"name":"CHAPTER 4. Powers and Functions of Districts [16401. - 16682.]","url":"https://blackletter.si/public-utilities-code/division-7/chapter-4"},{"name":"ARTICLE 6. Indebtedness and Financing [16571. - 16580.]","url":"https://blackletter.si/public-utilities-code/division-7/chapter-4/article-6"}],"history":"Added by Stats. 1953, Ch. 72.","effective":null,"html":"<p>No district shall incur any funded indebtedness which in the aggregate exceeds 20 percent of the assessed valuation of all real and personal property situated within the district.</p>","text":"No district shall incur any funded indebtedness which in the aggregate exceeds 20 percent of the assessed valuation of all real and personal property situated within the district.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/indebtedness-and-financing-16573","source":"California Legislative Information bulk export (pubinfo)"}