Section 87461 Of Article 4.6. Loans To Public Officials From California Government Code >> Title 9. >> Chapter 7. >> Article 4.6.
87461
. (a) Except as set forth in subdivision (b), no elected
officer of a state or local government agency shall, from the date of
his or her election to office through the date he or she vacates
office, receive a personal loan of five hundred dollars ($500) or
more, except when the loan is in writing and clearly states the terms
of the loan, including the parties to the loan agreement, date of
the loan, amount of the loan, term of the loan, date or dates when
payments shall be due on the loan and the amount of the payments, and
the rate of interest paid on the loan.
(b) This section shall not apply to the following types of loans:
(1) Loans made to the campaign committee of the elected officer.
(2) Loans made to the elected officer by his or her spouse, child,
parent, grandparent, grandchild, brother, sister, parent-in-law,
brother-in-law, sister-in-law, nephew, niece, aunt, uncle, or first
cousin, or the spouse of any such person, provided that the person
making the loan is not acting as an agent or intermediary for any
person not otherwise exempted under this section.
(3) Loans made, or offered in writing, before the operative date
of this section.
(c) Nothing in this section shall exempt any person from any other
provisions of this title.