Statute · California Government Code
Cal. Gov't Code § 25214.5 — Finance
Cal. Gov't Code § 25214.5
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2009-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The board of supervisors may appropriate up to two million dollars ($2,000,000) from any available funds of the county to a revolving fund to be used by county service areas for the acquisition or improvement of real or personal property, environmental studies, fiscal analyses, engineering…
Citator
Cal. Gov't Code § 25214.5 — Finance is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The board of supervisors may appropriate up to two million dollars ($2,000,000) from any available funds of the county to a revolving fund to be used by county service areas for the acquisition or improvement of real or personal property, environmental studies, fiscal analyses, engineering services, supplies, or any other lawful expenses. The revolving fund shall be reimbursed within 10 years from the date of the disbursement at a rate of interest, if any, that the board of supervisors shall determine, provided that the interest rate shall not exceed the rate of interest that the county earns on its temporarily idle funds.
(b) Notwithstanding subdivision (a), if the board of supervisors finds that the reimbursement of the revolving fund may result in an economic or fiscal hardship to the property owners or residents of the county service area, the board of supervisors may, by a four-fifths vote, waive the reimbursement in whole or in part.