§ 13391 Electricity Purchase Indebtedness Limit

Public Utilities Code·California

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Key Takeaways

•A district can borrow money to buy electricity.
•They can't owe more than $25,000,000 at any time for this.
•This rule was added in 1982.

Example

A small town needs to buy electricity for all its homes but doesn't have enough money right now.

The town can borrow money to pay for the electricity, but they can't borrow so much that they owe more than $25 million at once.

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

Official Source

View on CA.gov

§ 13391 Electricity Purchase Indebtedness Limit

A district may borrow money and incur indebtedness for the purchasing of electricity; provided, that the maximum principal amount of indebtedness outstanding under this article shall not at any one time exceed twenty-five million dollars ($25,000,000). (Added by Stats. 1982, Ch. 365, Sec. 2.)

Last verified: January 23, 2026

Key Terms

borrow money incur indebtedness purchasing of electricity maximum principal amount twenty-five million dollars

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 13391.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References