§ 103582 District Borrowing Authority

Public Utilities Code·California

AI SummaryVerified

This law says a district is allowed to borrow money, but only if it follows the borrowing rules set out in specific parts of the Government Code.

Key Takeaways

•The district is permitted to borrow money.
•Borrowing must follow the rules in Article 7 or Article 7.6 of the Government Code.
•Those rules are found in Chapter 4, Part 1, Division 2, Title 5 of the Government Code.

Example

A local school district wants to take out a loan to build a new playground.

The district can get the loan, but it must follow the borrowing procedures described in Article 7 (starting at Section 53820) or Article 7.6 (starting at Section 53850) of the Government Code.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 103582 District Borrowing Authority

The district may borrow money in accordance with the provisions of Article 7 (commencing with Section 53820), or of Article 7.6 (commencing with Section 53850), of Chapter 4, Part 1, Division 2, Title 5 of the Government Code. (Added by Stats. 1974, Ch. 502.)

Last verified: January 11, 2026

Key Terms

Article 7 Article 7.6 Government Code

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 103582.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References