{"code":"PUC","codeName":"Public Utilities Code","section":"25842","citation":"Pub. Util. Code, § 25842","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]","url":"https://blackletter.si/public-utilities-code/division-10"},{"name":"PART 1. TRANSIT DISTRICTS IN COUNTIES OF ALAMEDA OR CONTRA COSTA [24501. - 27509.]","url":"https://blackletter.si/public-utilities-code/division-10/part-1"},{"name":"CHAPTER 6. Powers and Functions of District [25701. - 25951.]","url":"https://blackletter.si/public-utilities-code/division-10/part-1/chapter-6"},{"name":"ARTICLE 6. Indebtedness [25841. - 25849.]","url":"https://blackletter.si/public-utilities-code/division-10/part-1/chapter-6/article-6"}],"history":"Added by Stats. 1955, Ch. 1036.","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-25842","source":"California Legislative Information bulk export (pubinfo)"}