The board of supervisors may loan to any city within its limits which has been incorporated for less than one year an amount not exceeding eighty-five percent (85%) of the city’s anticipated revenues for the fiscal year in which such loan is made. Such loans shall be repaid within the fiscal year in which made.
(Added by renumbering Section 25828 by Stats. 1961, Ch. 84.)
Last modified: October 25, 2018