California § 32130. 32130. (Amended by Stats. 1986, Ch. 1355, Sec. 3.)

California Statutes

§ 32130. — 32130. (Amended by Stats. 1986, Ch. 1355, Sec. 3.)

California·Code HSC Health and Safety Code - HSC·Div. 23. DIVISION 23. HOSPITAL DISTRICTS·Ch. 2. CHAPTER 2. Board of Directors·Art. 2. ARTICLE 2. Powers

A district 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 district, from whatever source derived. The money borrowed and indebtedness incurred under this section shall be repaid within the same fiscal year.

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A district 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 district, from whatever source derived. The money borrowed and indebtedness incurred under this section shall be repaid within the same fiscal year.

California § 32130. (32130. (Amended by Stats. 1986, Ch. 1355, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.