California Government Code

§ 54129

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

GOV § 54129Div. 2 · Title 5 · Part 1 · Ch. 5 · Art. 5

Statute text

View on leginfo.ca.gov

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.

Legislative history

Added by Stats. 1952, 2nd Ex. Sess., Ch. 21.