§ 40270
53 words·~1 min read·
/ca/health-and-safety-code/40270A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bay district may borrow money and incur indebtedness in anticipation of the revenue for the current year in which the indebtedness is incurred or for the ensuing year. Such indebtedness shall not exceed the total amount of the estimate of the tax income for either the current year or the ensuing year.