Public Utilities Code § 22779
ARTICLE 3. Bond Issuance
The total amount of bonds issued shall not exceed 15 percent of the taxable property of the district as shown by the last equalized assessment books of the affected counties.
ARTICLE 3. Bond Issuance
The total amount of bonds issued shall not exceed 15 percent of the taxable property of the district as shown by the last equalized assessment books of the affected counties.