Section 19525 Of Article 6. Bonds From California Education Code >> Division 1. >> Title 1. >> Part 11. >> Chapter 8. >> Article 6.

. 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.