Section 15108 Of Article 1. Purposes For Authorizing Bonds From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 1. >> Article 1.
15108
. For the purpose of determining the limitation of
indebtedness of a school district, community college district, or
school facilities improvement district of any kind or class under
Section 15102 or 15106, that portion of the bonded indebtedness of
the district for which another district or territory in another
district is liable shall be excluded and shall not be deemed to
constitute outstanding bonded indebtedness of the district.