§ 34359 Authority Financial Powers

• •The government can use money it makes from things like rent or fees to promise it will pay back a loan.
• •The government can borrow money from banks, the state, or even the federal government.
• •If the government borrows money, it can use its property (like buildings or land) as a guarantee to pay it back.
• •If the government can't pay back the loan, the lender can only take what was promised as security, not more.

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

The city can borrow money from a bank and promise to pay it back using the money it makes from park fees. If the city can't pay, the bank can only take the park's fees, not other city money.