California Government Code

§ 53821

GOV § 53821Div. 2 · Title 5 · Part 1 · Ch. 4 · Art. 7

Statute text

Subsequent to approval of the final budget and levy of taxes, if funds are needed for the immediate requirements of a local agency in any fiscal year to pay obligations lawfully incurred in the fiscal year and before the receipt of income for the fiscal year sufficient to meet the payments, money may be borrowed by:

(a)The legislative body of a county on the recommendation of the auditor and treasurer.

(b)The legislative body of the county having the largest area within the regional park district on the recommendation of the auditor and treasurer.

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Legislative history

Amended by Stats. 1980, Ch. 447.