§ 102582 District Borrowing Authority

Public Utilities Code·California

AI SummaryVerified

This law lets a district borrow money, but only by following the rules laid out in specific parts of the Government Code.

Key Takeaways

•The district is allowed to borrow money.
•It must follow the borrowing rules in Article 7, 7.4, 7.5, 7.6, or 7.7 of Chapter 4, Part 1, Division 2, Title 5 of the Government Code.
•The rule was updated by a 2011 law that took effect on Jan. 1, 2012.

Example

A school district wants to build a new playground and needs extra cash.

The district can take out a loan, but it has to do it the way the Government Code says – using the borrowing rules in the listed articles.

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

Official Source

View on CA.gov

§ 102582 District Borrowing Authority

The district may borrow money in accordance with the provisions of Article 7 (commencing with Section 53820), Article 7.4 (commencing with Section 53835), Article 7.5 (commencing with Section 53840), Article 7.6 (commencing with Section 53850), or Article 7.7 (commencing with Section 53859) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code. (Amended by Stats. 2011, Ch. 537, Sec. 3. (AB 1143) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

borrow money Article 7 Article 7.4 Article 7.5 Article 7.6 Article 7.7 Government Code

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 102582.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References