Government Code section 54129

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.

Source: Section 54129, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=54129. (accessed May 4, 2025).

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Last Updated

Apr. 24, 2025

§ 54129’s source at ca.gov

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Location: https://california.public.law/codes/government_code_section_54129

Original Source: Section 54129, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=54129. (last accessed Apr. 24, 2025).