California Legal Codes and Statutes

§ 29150

Added by Stats. 1957, Ch. 1056.

The district may borrow money, incur a bonded indebtedness in respect thereto, and levy taxes for the payment of principal and interest thereon, in the manner provided in Chapter 7 of this part, but no such bonded debt shall exceed fifteen (15) percent of the assessed valuation of taxable property within the district.

Cite this section

Cal. Pub. Util. Code § 29150 (2026)
https://ca.codecond.com/codes/puc/division-10-transit-districts/part-2-san-francisco-bay-area-rapid-transit-district/chapter-8-bonds-and-other-evidences-of-indebtedness/article-1-authorization-of-general-obligation-bonds/section-29150

Other sections in Article 1 - Authorization of General Obligation Bonds

§ 29150§ 29151§ 29152§ 29153§ 29154§ 29155§ 29156§ 29157§ 29157.1§ 29158§ 29159§ 29160§ 29161§ 29162§ 29163§ 29164§ 29165§ 29166§ 29167§ 29168

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