§ 13416 Public Agency Loan Approval

Water Code·California

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Key Takeaways

•Before a public agency can get a construction loan from the state, they must ask the people first.
•The agency has to hold a vote where everyone can say 'yes' or 'no' to the loan.
•More than half of the people who vote must say 'yes' for the loan to happen.

Example

A small town wants to build a new school but needs a loan from the state to pay for it.

The town must hold a vote where everyone can decide if they want the loan. If more than half of the people who vote say 'yes', then the town can get the loan. If not, the town cannot get the loan.

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

Official Source

View on CA.gov

§ 13416 Public Agency Loan Approval

Before a public agency may enter into a contract with the state board for a construction loan under this chapter, the public agency shall hold an election on the proposition of whether or not the public agency shall enter into the proposed contract and more than 50 percent of the votes cast at such election must be in favor of such proposition. (Added by Stats. 1969, Ch. 482.)

Last verified: January 23, 2026

Key Terms

public agency construction loan state board election 50 percent

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 13416.

Key Takeaways

Example

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Key Takeaways

Example

Key Terms

Related Statutes

References