US lawCaliforniaStatutesCode hscDivision 12Part 2.7Chapter 913937Cal. HSC § 13937Cal. HSC § 13937Last amended: 1987Year: 2025Length: 24 wordsOfficial source A district shall not incur a bonded indebtedness in excess of 10 percent of the assessed value of all taxable property within the district.PreviousCal. HSC § 13936NextCal. HSC § 13938