Statute · California Government Code
Cal. Gov't Code § 37618.2 — Hospitals Managed by Board of Hospital Trustees
Cal. Gov't Code § 37618.2
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1992-05-28
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A municipal hospital may borrow money and incur indebtedness in an amount not to exceed 85 percent of all estimated income and revenue for the current fiscal year, including, but not limited to, tax revenues, operating income, and any other miscellaneous income received by the municipal…
Citator
Cal. Gov't Code § 37618.2 — Hospitals Managed by Board of Hospital Trustees is in force in the current edition of the Code, and nothing recorded condemns it.
A municipal hospital may borrow money and incur indebtedness in an amount not to exceed 85 percent of all estimated income and revenue for the current fiscal year, including, but not limited to, tax revenues, operating income, and any other miscellaneous income received by the municipal hospital, from whatever source derived. The money borrowed and indebtedness incurred under this section shall be repaid within the same fiscal year.