{"data":{"id":"us-ca/hnc-7202","jurisdiction":"us-ca","citation":"HNC § 7202","heading":"","body":"The total aggregate amount of said notes outstanding at any one time shall not exceed a limit of 2 percent of the assessed valuation of the taxable property in the district or, if the assessed valution is not obtainable, 2 percent of the county auditor’s estimate of the taxable property in the district evidenced by his certificate, provided:\n(a) A district which has been formed for less than 18 months may exceed said limit and in the event may borrow an aggregate amount of not to exceed thirty-five thousand dollars ($35,000).\n(b) No district shall borrow more than an aggregate amount of one hundred fifty thousand dollars ($150,000).","path":["Harbors and Navigation Code - HNC","DIVISION 8. HARBOR AND PORT DISTRICTS [5800. - 7340.]","PART 7. SMALL CRAFT HARBOR DISTRICTS [7000. - 7340.]","CHAPTER 6. Financial Provisions [7170. - 7243.]","ARTICLE 3. Short Term Borrowing [7200. - 7202.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"7cc9524502f28736c2b3ece29dd32836f19e1954c91f35c27166780bb2558721","source_id":"us-ca","stale":false,"prev":"us-ca/hnc-7201","next":"us-ca/hnc-7210"},"notice":"GroundRules: Original legal text. Not legal advice."}