{"code":"PUC","codeName":"Public Utilities Code","section":"29150","citation":"Pub. Util. Code, § 29150","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 2. SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT [28500. - 29757.]","url":"https://blackletter.si/public-utilities-code/division-10/part-2"},{"name":"CHAPTER 8. Bonds and Other Evidences of Indebtedness [29150. - 29293.]","url":"https://blackletter.si/public-utilities-code/division-10/part-2/chapter-8"},{"name":"ARTICLE 1. Authorization of General Obligation Bonds [29150. - 29168.]","url":"https://blackletter.si/public-utilities-code/division-10/part-2/chapter-8/article-1"}],"history":"Added by Stats. 1957, Ch. 1056.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/authorization-of-general-obligation-bonds-29150","source":"California Legislative Information bulk export (pubinfo)"}