§ 25843
68 words·~1 min read·
/ca/public-utilities-code/25843A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Indebtedness which has been incurred for the acquisition, construction, and operation of transit facilities, where the revenue from the transit facilities for three years or more next preceding has been sufficient to pay the interest and principal due on any bonds issued for its construction or acquisition, in addition to the cost of operation and maintenance, shall not be counted and included in ascertaining the limit of indebtedness.