{"code":"PUC","codeName":"Public Utilities Code","section":"98262","citation":"Pub. Util. Code, § 98262","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 10. SANTA CRUZ METROPOLITAN TRANSIT DISTRICT [98000. - 98407.]","url":"https://blackletter.si/public-utilities-code/division-10/part-10"},{"name":"CHAPTER 6. Powers and Functions of District [98210. - 98296.]","url":"https://blackletter.si/public-utilities-code/division-10/part-10/chapter-6"},{"name":"ARTICLE 6. Indebtedness [98260. - 98263.]","url":"https://blackletter.si/public-utilities-code/division-10/part-10/chapter-6/article-6"}],"history":"Added by Stats. 1967, Ch. 978.","effective":null,"html":"<p>The district shall not incur an indebtedness under Chapter 7 (commencing with Section <a href=\"/puc/98310\">98310</a>) of this part which in the aggregate exceeds one (1) 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 98310) of this part which in the aggregate exceeds one (1) percent of the assessed value of all the real and personal property within the district.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/indebtedness-98262","source":"California Legislative Information bulk export (pubinfo)"}