California Harbors and Navigation Code ARTICLE 3 - Short Term Borrowing

• Section 7200.
  A district may incur indebtedness for any purpose for which the district is authorized to expend funds by the issuance of negotiable promissory notes pursuant...
• Section 7201.
  Said notes shall be payable in not to exceed five years from their date and shall bear interest at not exceeding 6 percent per annum,...
• Section 7202.
  The total aggregate amount of said notes outstanding at any one time shall not exceed a limit of 2 percent of the assessed valuation of...

Last modified: October 22, 2018