The district may, pursuant to Section 5544, borrow not to exceed one hundred thousand dollars ($100,000) to cover operating expenses between the time of formation of the district and the first receipt of revenue under Section 5545.
Cal. Pub. Res. Code § 5544.3
Regional Park, Park and Open-Space, and Open-Space Districts
Added by Stats. 1972, Ch. 1171.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.