ARTICLE 6. Indebtedness

Article 6 enacted by Stats. 1951, Ch. 764.

§§ 12841–12844 · 4 sections

• § 12841 A district may borrow money and incur indebtedness, and may issue bonds or other evidences of indebtedness. No indebtedness shall be incurred exceeding the…
• § 12842 No district shall incur an indebtedness for public works which in the aggregate exceeds 20 percent of the assessed value of all the real and personal property…
• § 12843 Indebtedness which has been incurred for the construction and operation of a public utility, where the revenue from the utility for three years or more next…
• § 12844 A district may accept, without limitation by any other provisions of this division requiring approval of indebtedness, contributions or loans from the United…