{"code":"PUC","codeName":"Public Utilities Code","section":"90502","citation":"Pub. Util. Code, § 90502","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 8. SAN DIEGO COUNTY TRANSIT DISTRICT [90000. - 93017.]","url":"https://blackletter.si/public-utilities-code/division-10/part-8"},{"name":"CHAPTER 6. Powers and Functions of District [90400. - 90570.]","url":"https://blackletter.si/public-utilities-code/division-10/part-8/chapter-6"},{"name":"ARTICLE 6. Indebtedness [90500. - 90508.]","url":"https://blackletter.si/public-utilities-code/division-10/part-8/chapter-6/article-6"}],"history":"Added by Stats. 1965, Ch. 2039.","effective":null,"html":"<p>The district shall not incur an indebtedness for public works which in the aggregate exceeds 15 percent of the assessed value of all the real and personal property within the district.</p>","text":"The district shall not incur an indebtedness for public works which in the aggregate exceeds 15 percent of the assessed value of all the real and personal property within the district.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/indebtedness-90502","source":"California Legislative Information bulk export (pubinfo)"}