Statute · California Public Utilities Code
Cal. Pub. Util. Code § 103581 — Temporary Borrowing
Cal. Pub. Util. Code § 103581
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
At any time prior to the first receipt by the district of revenues from taxation, the county may lend any available money to the district for the purposes of organization and operation. Such expenditures shall constitute a proper expenditure of county funds. Such loans may bear interest.
Citator
Cal. Pub. Util. Code § 103581 — Temporary Borrowing is in force in the current edition of the Code, and nothing recorded condemns it.
At any time prior to the first receipt by the district of revenues from taxation, the county may lend any available money to the district for the purposes of organization and operation. Such expenditures shall constitute a proper expenditure of county funds. Such loans may bear interest.