{"data":{"id":"us-ca/prc-5790","jurisdiction":"us-ca","citation":"PRC § 5790","heading":"","body":"(a) Whenever a board of directors determines that it is necessary to incur a general obligation bonded indebtedness for the acquisition or improvement of real property or for funding or refunding of any outstanding indebtedness, the board of directors shall adopt a resolution making determinations and calling an election on a proposition to incur indebtedness.\n(b) The amount of the bonds to be issued shall not exceed the amount specified in the resolution calling the election.\n(c) A district shall not incur bonded indebtedness that exceeds 10 percent of the assessed value of all taxable property in the district at the time the bonds are issued.","path":["Public Resources Code - PRC","DIVISION 5. PARKS AND MONUMENTS [5001. - 5877.]","CHAPTER 4. Recreation and Park Districts [5780. - 5796.20.]","ARTICLE 11. General Obligation Bonds [5790. - 5790.17.]"],"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":"47096d33aa225b0cb632dd18913e77859d1366a4e463c3b0331d82d2e6d303cb","source_id":"us-ca","stale":false,"prev":"us-ca/prc-5789.5","next":"us-ca/prc-5790.1"},"notice":"GroundRules: Original legal text. Not legal advice."}