Section 53821 Of Article 7. Temporary Borrowing From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 4. >> Article 7.

. Subsequent to approval of the final budget and levy of taxes, if funds are needed for the immediate requirements of a local agency in any fiscal year to pay obligations lawfully incurred in the fiscal year and before the receipt of income for the fiscal year sufficient to meet the payments, money may be borrowed by:
  (a) The legislative body of a county on the recommendation of the auditor and treasurer.
  (b) The legislative body of the county having the largest area within the regional park district on the recommendation of the auditor and treasurer.
  (c) A school district, county board of education, or community college district on the request of two-thirds of the members of its governing board, approved by the county auditor and treasurer.
  (d) A regional park district on the request of four-fifths of the members of its legislative body, approved by the auditor and treasurer of the county having the largest area within the district.
  (e) The legislative body of a city on the recommendation of the city treasurer and chief accounting officer.
  (f) The legislative body of any other municipal or public corporation or district on the recommendation of the officers performing the functions of auditor and treasurer.