{"code":"GOV","codeName":"Government Code","section":"53635.7","citation":"Gov. Code, § 53635.7","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 5. LOCAL AGENCIES [50001. - 57607.]","url":"https://blackletter.si/government-code/title-5"},{"name":"DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","url":"https://blackletter.si/government-code/title-5/division-2"},{"name":"PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1"},{"name":"CHAPTER 4. Financial Affairs [53600. - 53997.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4"},{"name":"ARTICLE 2. Deposit of Funds [53630. - 53686.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4/article-2"}],"history":"Amended by Stats. 2001, Ch. 176, Sec. 16.   Effective January 1, 2002.","effective":"2002-01-01","html":"<p>In making any decision that involves borrowing in the amount of one hundred thousand dollars ($100,000) or more, the legislative body of the local agency shall discuss, consider, and deliberate each decision as a separate item of business on the agenda of its meeting as prescribed in Chapter 9 (commencing with Section <a href=\"/gov/54950\">54950</a>). As used in this section, “borrowing” does not include bank overdrafts or security lending.</p>","text":"In making any decision that involves borrowing in the amount of one hundred thousand dollars ($100,000) or more, the legislative body of the local agency shall discuss, consider, and deliberate each decision as a separate item of business on the agenda of its meeting as prescribed in Chapter 9 (commencing with Section 54950). As used in this section, “borrowing” does not include bank overdrafts or security lending.","otherVersions":[],"url":"https://blackletter.si/government-code/deposit-of-funds-53635-7","source":"California Legislative Information bulk export (pubinfo)"}