Cal. SHC § 25376
This is the official text of Cal. SHC § 25376, part of California’s Streets and Highways Code — governs the construction and maintenance of public roads.
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Official statutory text
No bonds shall be issued by the district in an amount which will aggregate at any time an obligation in excess of 10 per cent of the assessed value of the aggregate total taxable property within the district as shown by the then current taxation assessment rolls of the several counties within the district.
Status: in_force · Read it on the official government site
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