{"data":{"id":"us-ca/wat-55503","jurisdiction":"us-ca","citation":"WAT § 55503","heading":"","body":"The board may borrow funds from the county, other waterworks districts, and, where the district is a subsidiary district, the city, not to exceed 85 percent of the district’s anticipated revenue for the fiscal year in which they are borrowed or for the next ensuing fiscal year. In levying taxes as authorized by this division, the board may raise sufficient revenues to repay such loans.\nThe board may lend available district funds to another waterworks district, subject to the terms and conditions set forth in this section.\nNothing contained in this section shall prohibit the board from borrowing such funds from banks or other financial institutions when the best interests of the district are served thereby.","path":["Water Code - WAT","DIVISION 16. COUNTY WATERWORKS DISTRICTS [55000. - 55991.]","PART 4. FINANCIAL PROVISIONS [55500. - 55720.]","CHAPTER 1. General Provisions [55500. - 55507.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"ef40dd1096d2f17326e19136a04972720dea1ae37f108b29c14d1cbc86dd32a6","source_id":"us-ca","stale":false,"prev":"us-ca/wat-55502.1","next":"us-ca/wat-55503.5"},"notice":"GroundRules: Original legal text. Not legal advice."}