{"code":"PUC","codeName":"Public Utilities Code","section":"96152","citation":"Pub. Util. Code, § 96152","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 9. THE SANTA BARBARA METROPOLITAN TRANSIT DISTRICT [95000. - 97007.]","url":"https://blackletter.si/public-utilities-code/division-10/part-9"},{"name":"CHAPTER 6. Powers and Functions of District [96000. - 96230.]","url":"https://blackletter.si/public-utilities-code/division-10/part-9/chapter-6"},{"name":"ARTICLE 6. Indebtedness [96150. - 96153.]","url":"https://blackletter.si/public-utilities-code/division-10/part-9/chapter-6/article-6"}],"history":"Added by Stats. 1965, Ch. 1835.","effective":null,"html":"<p>The district shall not incur an indebtedness under Chapter 7 (commencing with Section <a href=\"/puc/96400\">96400</a>) of this part which in the aggregate exceeds two (2) percent of the assessed value of all the real and personal property within the district.</p>","text":"The district shall not incur an indebtedness under Chapter 7 (commencing with Section 96400) of this part which in the aggregate exceeds two (2) percent of the assessed value of all the real and personal property within the district.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/indebtedness-96152","source":"California Legislative Information bulk export (pubinfo)"}