California Government Code

§ 53314.6

GOV § 53314.6 Effective Jan 1, 2008Div. 2 · Title 5 · Part 1 · Ch. 2.5 · Art. 1

Statute text

(a)In connection with the financing of services and facilities pursuant to subdivision (f) of Section 53313 and subdivision (k) of Section 53313.5, the legislative body may establish a revolving fund to be kept in the treasury of the district. Except as provided in subdivision (b), moneys in the revolving fund shall be expended solely for the payment of costs with respect to those services and facilities. The revolving fund may be funded from time to time with moneys derived from any of the following:

(1)Proceeds of the sale of bonds issued pursuant to Article 5 (commencing with Section 53345), notwithstanding any limitation contained in Section 53345.3.

(2)Any taxes or charges authorized under this chapter.

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Legislative history

Amended by Stats. 2007, Ch. 670, Sec. 61. Effective January 1, 2008.