Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 3./Title 4.: DIVISION 3. OFFICERS/Part 2.: PART 2. LEGISLATIVE BODY/Ch. 4.: CHAPTER 4. Financial Powers/§ 37210.
California Statutes

§ 37210. — 37210. (Added by Stats. 1957, Ch. 1740.)

California § 37210.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.3.
Title 4.DIVISION 3. OFFICERS
Part 2.PART 2. LEGISLATIVE BODY
Ch. 4.CHAPTER 4. Financial Powers

This text of California § 37210. (37210. (Added by Stats. 1957, Ch. 1740.)) 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 § 37210. (2026).

Text

Newly incorporated cities that have not received revenues from property taxes may issue temporary non-negotiable notes bearing interest at a rate not exceeding 6 percent per annum to pay lawfully incurred current expenses and the salaries and wages of officers and employees. Said notes must be repaid on or before the last day of the fiscal year in which the money is borrowed and the maturity date of said notes shall not be later than said last day. The aggregate amount of said notes shall not exceed 85 percent of the anticipated revenues for the fiscal year in which the money is borrowed. Said notes shall be repaid only from revenues received during or allocable to the fiscal year in which the money is borrowed.

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Legislative History

Added by Stats. 1957, Ch. 1740.
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California § 37210., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/37210..