California Statutes
§ 53635.7. — 53635.7. (Amended by Stats. 2001, Ch. 176, Sec. 16.)
California § 53635.7.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.2.
Title 5.DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES
Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
Ch. 4.CHAPTER 4. Financial Affairs
Art. 2.ARTICLE 2. Deposit of Funds
This text of California § 53635.7. (53635.7. (Amended by Stats. 2001, Ch. 176, Sec. 16.)) 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 § 53635.7. (2026).
Text
In making any decision that involves borrowing in the amount of one hundred thousand dollars ($100,000) or more, the legislative body of the local agency shall discuss, consider, and deliberate each decision as a separate item of business on the agenda of its meeting as prescribed in Chapter 9 (commencing with Section 54950). As used in this section, “borrowing” does not include bank overdrafts or security lending.
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Legislative History
Amended by Stats. 2001, Ch. 176, Sec. 16. Effective January 1, 2002.
Nearby Sections
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California § 53635.7., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/53635.7..