LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomePublic Utilities CodeDiv. 10Pt. 13Ch. 8Art. 1§ 101281 District Bonded Debt Limit

§ 101281 District Bonded Debt Limit

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 101281 District Bonded Debt Limit

This law says a district can't borrow too much money. It can't owe more than 5% of the total value of all the property in the district.

Key Takeaways

  • •Districts can't borrow more than 5% of the total property value in their area.
  • •This rule helps make sure districts don't take on too much debt.
  • •It applies to all kinds of property, like houses and businesses.

Example

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.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 101281 District Bonded Debt Limit

The district shall not incur a total bonded indebtedness which exceeds 5 percent of the assessed value of all the taxable real and personal property within the district. (Added by Stats. 1971, Ch. 1161.)

Last verified: January 11, 2026

Key Terms

bonded indebtednessassessed valuetaxable real and personal property

Related Statutes

  • § 101280 Transit Facility Bonding Authority
  • § 101282 Bonded Indebtedness For Transit
  • § 101285 Voter Petition For Transit Bonds
  • § 101289 Bond Election Petition Process
  • § 101298 Bond Election Retry Limits

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 101281.
View Official Source