§ 101223 District Debt Authority Expansion

Public Utilities Code·California

AI SummaryVerified

This law says that a district can borrow money even if they already have the right to get temporary funds from the state.

Key Takeaways

•Districts can borrow money when they need it.
•This borrowing is allowed even if they are already getting temporary funds from the state.
•The law is about making sure districts have enough money for important things.

Example

A school district needs money to fix a broken roof.

The district can take out a loan to fix the roof, even if they are already getting some emergency money from the state.

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

Official Source

View on CA.gov

§ 101223 District Debt Authority Expansion

The authority to incur indebtedness vested in the district by the provisions of this article shall be in addition to any right vested in it to receive a temporary transfer of funds pursuant to the last paragraph of Section 6 of Article XVI of the California Constitution. (Amended by Stats. 2009, Ch. 140, Sec. 165. (AB 1164) Effective January 1, 2010.)

Last verified: January 11, 2026

Key Terms

authority to incur indebtedness temporary transfer of funds California Constitution

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 101223.

Key Takeaways

Example

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Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References