Public Utilities Code § 16573
ARTICLE 6. Indebtedness and Financing
No district shall incur any funded indebtedness which in the aggregate exceeds 20 percent of the assessed valuation of all real and personal property situated within the district.
ARTICLE 6. Indebtedness and Financing
No district shall incur any funded indebtedness which in the aggregate exceeds 20 percent of the assessed valuation of all real and personal property situated within the district.