§ 19525 District Bond Issuance Limits

Education Code·California

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Key Takeaways

•Before 1980, the district could borrow up to 5% of the total value of its property.
•After 1981, the district can only borrow up to 1.25% of the total value of its property.
•The value of the property is based on the county's official records.

Example

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

If the total value of all the property in the district is $100 million, the district can only borrow up to $1.25 million (which is 1.25% of $100 million) after 1981.

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

Official Source

View on CA.gov

§ 19525 District Bond Issuance Limits

The total amount of bonds issued shall not exceed 5 percent of the assessed value of the property of the district, prior to the 1980–81 fiscal year and shall not exceed 1.25 percent of the assessed value of the district beginning after the 1981–82 fiscal year, as shown by the last equalized assessment roll of the county or counties in which the district is situated. (Amended by Stats. 1980, Ch. 1208, Sec. 30.)

Last verified: January 23, 2026

Key Terms

bonds assessed value district fiscal year equalized assessment roll

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 19525.

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Example

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References

Key Takeaways

Example

Key Terms

Related Statutes

References