Section 53857 Of Article 7.6. Temporary Borrowing From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 4. >> Article 7.6.
53857
. Notwithstanding the provisions in Section 53856, any note
issued pursuant to this article shall be a general obligation of the
local agency, and, to the extent not paid from the taxes, income,
revenue, cash receipts or other moneys of the local agency pledged
for the payment thereof shall be paid with the interest thereon from
any other moneys of the local agency lawfully available therefor;
provided, however, that any tax levied by a county for interest on
notes for borrowed money shall be in addition to all other taxes and
shall not be less than sufficient to pay the interest on notes for
borrowed money as is to become due before the time for making the
next general tax levy.