GroundRules
PUC § 29150
Where this section sits in the code
- Public Utilities Code - PUC
- DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]
- PART 2. SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT [28500. - 29757.]
- CHAPTER 8. Bonds and Other Evidences of Indebtedness [29150. - 29293.]
- ARTICLE 1. Authorization of General Obligation Bonds [29150. - 29168.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON