Health & Saf. Code, § 13906 · Chapter 7. Finance
Health & Saf. Code, § 13906
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) A district may acquire any necessary property by purchase or purchase on contract with money borrowed pursuant to this section.
(b) The amount of indebtedness to be incurred shall not exceed an amount equal to three times the actual income from property taxes received pursuant to Section 13896 for the fiscal year preceding the year in which the indebtedness is incurred. Any indebtedness shall be repaid within 10 years from the date on which it is incurred. An indebtedness shall bear interest at a rate which shall not exceed the rate permitted under Article 7 (commencing with Section 53530) of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code.
(c) An indebtedness shall be authorized by resolution adopted by a two-thirds majority vote of the total membership of the district board.
Notes and commentary — not statutory text
History
Repealed and added by Stats. 1987, Ch. 1013, Sec. 11.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=13906.
- Text hash
- sha256 4bbe08347e298725153c846872bf3e78332e848362f9e53c9c57b99a841828b2
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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