§ 53851 Local Agency Borrowing Powers

• •This law gives local governments another way to borrow money.
• •They can borrow money using this law even if they’ve already borrowed money using other laws.
• •The money borrowed under this law doesn’t count toward any limits set by other borrowing laws.

A city wants to build a new park but doesn’t have enough money.

The city can borrow money using this law, even if they’ve already borrowed money for other projects. The amount they borrow for the park won’t count against any other borrowing limits they have.