§ 54129
51 words·~1 min read·
/ca/government-code/54129A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the event that the board loans funds to a local agency, the board and the local agency may agree upon the terms and conditions of the payment of the principal and interest. The maximum term of an agreement shall be 20 years. The board may require a shorter repayment period.