DIVISION 26. AIR RESOURCES 39000-44474›PART 3. AIR POLLUTION CONTROL DISTRICTS 40000-41357›CHAPTER 5.5. South Coast Air Quality Management District 40400-40540›ARTICLE 8. Financial Provisions 40520-40540
§ 40526
California Health and Safety Code · 2018-11 edition · updated 2026-10-04 · California
(a) The south coast district board may borrow money and incur indebtedness in anticipation of the revenue for the current year in which the indebtedness is incurred or for the ensuing year. Such indebtedness shall not exceed the total amount of the estimated revenue for either the current year or the ensuing year.
(b) In addition to any other existing authority, the district may borrow money and incur indebtedness pursuant to Article 7.4 (commencing with Section 53835) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code.
(Amended by Stats. 2010, Ch. 699, Sec. 29.3. (SB 894) Effective January 1, 2011.)
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