ARTICLE 6. Indebtedness

Article 6 added by Stats. 1965, Ch. 1835.

§§ 96150–96153 · 4 sections

• § 96150 The district may borrow money for the purpose of defraying the expenses of the district lawfully incurred after the commencement of the fiscal year, but prior…
• § 96151 The board of directors of a district may, within a period of two years from and after the formation of the district, pursuant to a resolution adopted by it for…
• § 96152 The district shall not incur an indebtedness under Chapter 7 (commencing with Section 96400) of this part which in the aggregate exceeds two (2) percent of the…
• § 96153 The district may accept, without limitation by any other provisions of this part requiring approval of indebtedness, contributions or loans from the United…