Cal. Gov. Code § 54129

Current through the 2023 Legislative Session.

Section 54129 - Agreement upon payment of principal and interest

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.

Ca. Gov. Code § 54129

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