Section 13183 Of Article 12. Short Term Borrowing From California Public Utilities Code >> Division 6. >> Chapter 6.5. >> Article 12.

. No amount shall be borrowed under the authority of this article which when added to the amount of all other notes or other evidences of indebtedness issued under this article and then outstanding shall exceed 50 percent of the gross operating revenues from the works on account of which it is borrowed during the preceding fiscal year.