Section 4746.2 Of Article 4. District Powers From California Health And Safety Code >> Division 5. >> Part 3. >> Chapter 3. >> Article 4.
4746.2
. (a) If the district board determines by resolution that
funds are needed to meet current expenses of maintenance and repair
of damage caused by disaster, a district may borrow and repay county
funds not to exceed 85 percent of the district's anticipated revenue
for the fiscal year in which they are borrowed or for the next
ensuing fiscal year. In levying taxes as authorized by this article
the district may raise sufficient revenues to repay such loans.
(b) The district may also borrow funds from another sanitation
district and may lend available district funds to another sanitation
district, subject to the same terms and conditions as apply to loans
of county funds.
(c) At no time shall a district borrow funds pursuant to this
section in an amount exceeding 85 percent of the district's
anticipated revenue for the fiscal year in which the funds are
borrowed or for the next ensuing fiscal year.
(d) As used in this section, "disaster" includes any fire,
earthquake, landslide, mudslide, flood, or tidal wave.