California § 37210 - Newly incorporated cities that have not received revenues from property taxes may
Full text of California Public Contract Code - PCC § 37210 — Newly incorporated cities that have not received revenues from property taxes may, with citation guidance and answers to common questions.
§ 37210. Newly incorporated cities that have not received revenues from property taxes may
Newly incorporated cities that have not received revenues from property taxes may issue temporary non-negotiable notes bearing interest at a rate not exceeding 6 percent per annum to pay lawfully incurred current expenses and the salaries and wages of officers and employees. Said notes must be repaid on or before the last day of the fiscal year in which the money is borrowed and the maturity date of said notes shall not be later than said last day. The aggregate amount of said notes shall not exceed 85 percent of the anticipated revenues for the fiscal year in which the money is borrowed. Said notes shall be repaid only from revenues received during or allocable to the fiscal year in which the money is borrowed.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 37210
What does Public Contract Code - PCC § 37210 cover?
Section 37210 ("Newly incorporated cities that have not received revenues from property taxes may") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 37210?
A common citation format is "Public Contract Code - PCC § 37210" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 37210 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.