A district may accept financial or other assistance from any public or private source and may expend any funds so accepted for any of the purposes of this division.
FinancesFinancial Assistance
Section § 26591
This law section allows a district to receive financial or other types of help from both public and private sources. It can then use these funds for any purposes that fall under this division of the law.
district funding public assistance private assistance
Section § 26592
This law section states that when a local government, the state, or any related agencies give contributions, these contributions are considered to serve a public purpose.
Contributions by a local agency, the state, or any instrumentality or political subdivision thereof, are hereby declared to be for a public purpose.
local agency contributions state contributions public purpose
Section § 26593
This law allows a district to borrow money or take on debt from various sources, including local agencies, state entities, the federal government, or private sources. The district must meet any conditions set by the lender when taking on this debt.
A district may borrow money from or otherwise incur an indebtedness to a local agency, the state, any instrumentality or political subdivision thereof, the federal government, or any private source, and may comply with any conditions imposed upon the incurring of that indebtedness.
district borrowing local agency debt state loans
Section § 26594
This law allows a district to pay back any financial aid it received under a specific section.
A district may repay any financial assistance accepted pursuant to Section 26591.
district financial repayment financial assistance repayment obligations
Section § 26595
This section allows a district to pay back the local agency for some or all of the costs and expenses it had to pay when forming the district.
A district may reimburse the local agency for all or any part of the cost and expenses incurred by the local agency in formation of the district.
district reimbursement local agency costs expenses incurred
