California § 7202 - The total aggregate amount of said notes outstanding at any one time shall not ex
Full text of California Public Contract Code - PCC § 7202 — The total aggregate amount of said notes outstanding at any one time shall not ex, with citation guidance and answers to common questions.
§ 7202. The total aggregate amount of said notes outstanding at any one time shall not ex
The total aggregate amount of said notes outstanding at any one time shall not exceed a limit of 2 percent of the assessed valuation of the taxable property in the district or, if the assessed valution is not obtainable, 2 percent of the county auditorâs estimate of the taxable property in the district evidenced by his certificate, provided: (a) A district which has been formed for less than 18 months may exceed said limit and in the event may borrow an aggregate amount of not to exceed thirty-five thousand dollars ($35,000). (b) No district shall borrow more than an aggregate amount of one hundred fifty thousand dollars ($150,000).
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 7202
What does Public Contract Code - PCC § 7202 cover?
Section 7202 ("The total aggregate amount of said notes outstanding at any one time shall not ex") 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 § 7202?
A common citation format is "Public Contract Code - PCC § 7202" (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 § 7202 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.