Section 53831 Of Article 7. Temporary Borrowing From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 4. >> Article 7.
53831
. All such notes, tax anticipation warrants, or other
evidences of indebtedness issued for funds borrowed prior to December
31st in any fiscal year shall be repaid not later than that date.
All other evidences of indebtedness for funds borrowed in any fiscal
year shall be repaid not later than May 30th of such fiscal year.
Notes, tax anticipation warrants, or other evidences of indebtedness
shall not be issued after December 31st in any fiscal year if funds
borrowed prior to December 31st are not repaid prior to that date.