Public Utilities Code § 101281
ARTICLE 1. Issuance
The district shall not incur a total bonded indebtedness which exceeds 5 percent of the assessed value of all the taxable real and personal property within the district.
ARTICLE 1. Issuance
The district shall not incur a total bonded indebtedness which exceeds 5 percent of the assessed value of all the taxable real and personal property within the district.