California Legal Codes and Statutes

§ 53832

Amended by Stats. 1980, Ch. 447.

Loans made pursuant to this article shall be made solely for the purpose of anticipating income. In the case of a county, a city, or a municipal or public corporation or district other than a school district, county board of education, or community college district, the loans shall be made solely upon the credit of revenue from taxes provided for the fiscal year in which loans are made. In the case of a school district, county board of education, or community college district, the loans shall be made solely upon the credit of income and revenue provided for the fiscal year in which loans are made.

Cite this section

Cal. Gov. Code § 53832 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-2-cities-counties-and-other-agencies/part-1-powers-and-duties-common-to-cities-counties-and-other-agencies/chapter-4-financial-affairs/article-7-temporary-borrowing/section-53832

Other sections in Article 7 - Temporary Borrowing

§ 53820§ 53821§ 53821.5§ 53822§ 53823§ 53824§ 53825§ 53826§ 53827§ 53828§ 53829§ 53830§ 53830.5§ 53831§ 53832§ 53833

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.