California Government Code

§ 16494.7

GOV § 16494.7Div. 4 · Title 2 · Part 2 · Ch. 3 · Art. 6

Statute text

Notwithstanding any other provision of law, any local agency may apply to the board, by no later than August 21, 1978, for a loan pursuant to this article after the adoption by the local agency’s governing body of a resolution containing all of the following:

(a)A statement that the local agency is authorized to issue revenue or tax anticipation notes;

(b)A statement indicating the local agency’s property tax revenues for the 1977–78 fiscal year, including state property tax subvention. With respect to a local agency formed during the 1977–78 fiscal year and authorized to levy a property tax, but did not do so, a statement estimating the amount such agency could have levied if it had levied such a tax;

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Legislative history

Amended by Stats. 1978, Ch. 332.