California Government Code ARTICLE 7.6 - Temporary Borrowing

• Section 53850.
  (a) As used in this article, “local agency” means a county, city and county, city, school district of any type, community college district, county board of...
• Section 53851.
  The powers conferred by this article are in addition to and an alternative to any power conferred by any other law for borrowing by a...
• Section 53852.
  On or after the first day of any fiscal year a local agency may borrow money pursuant to this article, the indebtedness to be represented...
• Section 53852.5.
  Proceeds of sales or funds set aside for the repayment of any notes issued pursuant to this article shall not be invested for a term...
• Section 53853.
  (a) The note or notes shall be issued pursuant to a resolution adopted by the legislative body of the local agency authorizing the issuance of the...
• Section 53854.
  Any note issued under this article may be negotiable, may be payable to order or to bearer and may be in any denomination. Such note...
• Section 53855.
  The resolution authorizing the issuance of any note may provide that such note shall be subject to call and redemption prior to maturity, at the...
• Section 53856.
  Any taxes, income, revenue, cash receipts, or other moneys of the local agency, including moneys deposited in inactive or term deposits, may be pledged to...
• Section 53856.1.
  (a) The Board of Supervisors of Orange County, in the resolution authorizing the issuance of any note or notes, may provide that the board elects to...
• Section 53857.
  Notwithstanding the provisions in Section 53856, any note issued pursuant to this article shall be a general obligation of the local agency, and, to the...
• Section 53858.
  Notes shall not be issued pursuant to this article in any fiscal year in an amount which, when added to the interest payable thereon, shall...

Last modified: October 22, 2018