§ 40526. — 40526. (Amended by Stats. 2010, Ch. 699, Sec. 29.3.)

California § 40526.

• Jurisdiction: California
• Code HSC: Health and Safety Code - HSC
• Div. 26.: DIVISION 26. AIR RESOURCES
• Part 3.: PART 3. AIR POLLUTION CONTROL DISTRICTS
• Ch. 5.5.: CHAPTER 5.5. South Coast Air Quality Management District
• Art. 8.: ARTICLE 8. Financial Provisions

Text

(a)
The south coast district board may borrow money and incur indebtedness in anticipation of the revenue for the current year in which the indebtedness is incurred or for the ensuing year. Such indebtedness shall not exceed the total amount of the estimated revenue for either the current year or the ensuing year.
(b)
In addition to any other existing authority, the district may borrow money and incur indebtedness pursuant to Article 7.4 (commencing with Section 53835) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code.

Legislative History

Amended by Stats. 2010, Ch. 699, Sec. 29.3. (SB 894) Effective January 1, 2011.