§ 19727 Bond Issuance Taxable Property Limit

• •The district can't borrow more than 5% of the total value of all the property in the area.
• •They check the value of the property using the county's latest tax records.
• •This rule helps make sure the district doesn't borrow too much money.

A school district wants to borrow money to build a new school.

If all the property in the district is worth $100 million, the district can't borrow more than $5 million.