Section 53832 Of Article 7. Temporary Borrowing From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 4. >> Article 7.
53832
. 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.