California Health and Safety Code

§ 40270

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

HSC § 40270Div. 26 · Part 3 · Ch. 4 · Art. 5

Statute text

View on leginfo.ca.gov

The bay district may borrow money and incur indebtedness in anticipation of the revenue for the current year in which the indebtedness is incurred or for the ensuing year. Such indebtedness shall not exceed the total amount of the estimate of the tax income for either the current year or the ensuing year.

Legislative history

Added by Stats. 1975, Ch. 957.