Education Code § 18531
ARTICLE 13. Issuance and Sale of Bonds
The total amount of bonds issued, shall not exceed 5 percent of the taxable property of the district, as shown by the last equalized assessment book of the county.
ARTICLE 13. Issuance and Sale of Bonds
The total amount of bonds issued, shall not exceed 5 percent of the taxable property of the district, as shown by the last equalized assessment book of the county.