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HomePublic Utilities CodeDiv. 11Ch. 6Art. 4§ 120680 Board Borrowing Authority

§ 120680 Board Borrowing Authority

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 120680 Board Borrowing Authority

Key Takeaways

  • •The board can borrow money if they follow certain rules.
  • •These rules are found in specific parts of the Government Code.
  • •The board must follow the steps listed in those parts to borrow money.

Example

A school board wants to borrow money to build a new school.

The board must follow the rules in the Government Code to get the money they need.

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

Official Source
View on CA.gov

§ 120680 Board Borrowing Authority

The board may borrow money in accordance with Article 7 (commencing with Section 53820), Article 7.6 (commencing with Section 53850), or Article 7.7 (commencing with Section 53859) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code. (Amended by Stats. 1984, Ch. 1124, Sec. 20.)

Last verified: January 23, 2026

Key Terms

boardborrow moneyArticle 7Article 7.6Article 7.7Government Code

Related Statutes

  • § 105250 District Borrowing Authority
  • § 102582 District Borrowing Authority
  • § 100482 Vta Borrowing Authority
  • § 101220 District Short-Term Borrowing Limits
  • § 25772 District Record Disposal Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 120680.
View Official Source