§ 116865 Finance Director Loan Authority

Health and Safety Code·California

AI SummaryVerified

Key Takeaways

•The government can borrow up to $200,000 to pay for this law.
•They can take the money from any government fund they choose.
•They have to pay the money back with interest.

Example

Imagine your school needs money to start a new program but doesn’t have enough in its budget.

The school could borrow money from another fund, like the sports budget, and pay it back later with a little extra (interest).

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 116865 Finance Director Loan Authority

The Director of Finance may authorize the department to borrow up to two hundred thousand dollars ($200,000) for the purpose of implementing this article from any fund or account deemed appropriate by the Director of Finance. The department shall repay the loan with interest to be determined in accordance with Section 16314 of the Government Code. (Added by Stats. 1995, Ch. 415, Sec. 6. Effective January 1, 1996.)

Last verified: January 23, 2026

Key Terms

Director of Finance borrow two hundred thousand dollars ($200,000)repay the loan with interest Section 16314 of the Government Code

References

Official text at leginfo.legislature.ca.gov
California Legislature. Health and Safety Code. Section 116865.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References