California § 16494. 16494. (Added by Stats. 1978, Ch. 292.)

California Statutes

§ 16494. — 16494. (Added by Stats. 1978, Ch. 292.)

California § 16494.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.4.

Title 2.DIVISION 4. FISCAL AFFAIRS

Part 2.PART 2. STATE FUNDS

Ch. 3.CHAPTER 3. Investments

Art. 6.ARTICLE 6. Local Agency Emergency Loan Fund

This text of California § 16494. (16494. (Added by Stats. 1978, Ch. 292.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 16494. (2026).

Text

The amount of any loan shall not exceed 50 percent of the local agency’s property tax revenues for the 1977–78 fiscal year, including state property tax relief subventions.  The maximum amount of a loan to a local agency which was formed during the 1977–78 fiscal year and authorized to levy a property tax, but did not do so, shall be no more than 50 percent of the amount such agency could have levied if it had levied such a tax.

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The amount of any loan shall not exceed 50 percent of the local agency’s property tax revenues for the 1977–78 fiscal year, including state property tax relief subventions. The maximum amount of a loan to a local agency which was formed during the 1977–78 fiscal year and authorized to levy a property tax, but did not do so, shall be no more than 50 percent of the amount such agency could have levied if it had levied such a tax.

Legislative History

Added by Stats. 1978, Ch. 292.

Nearby Sections

2

§ 16494.

16494. (Added by Stats. 1978, Ch. 292.)

§ 16494.7.

16494.7. (Amended by Stats. 1978, Ch. 332.)

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California § 16494., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/16494..