California § 30704 - The district shall not incur an indebtedness which exceeds in the aggregate 15 pe
Full text of California Public Contract Code - PCC § 30704 — The district shall not incur an indebtedness which exceeds in the aggregate 15 pe, with citation guidance and answers to common questions.
§ 30704. The district shall not incur an indebtedness which exceeds in the aggregate 15 pe
The district shall not incur an indebtedness which exceeds in the aggregate 15 percent of the assessed value of all real and personal property in the district. Within the meaning of this section, âindebtednessâ includes, without limitation, any and all forms thereof which the district is authorized to issue by this part or by any other law.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 30704
What does Public Contract Code - PCC § 30704 cover?
Section 30704 ("The district shall not incur an indebtedness which exceeds in the aggregate 15 pe") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 30704?
A common citation format is "Public Contract Code - PCC § 30704" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 30704 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.