California CodesBusiness and Professions Code - BPCDivision 3 — Professions and Vocations GenerallyChapter 5 — Law LibrariesArticle 3 — Duties and Powers of BoardsSection 6348.2
When a board of law library trustees in any county determines to erect a library building to house the law library, it may borrow money for that purpose and repay the loan from its future income. The board may borrow the money from any person, or private or public agency, or corporation, in an amount not exceeding half of the funds of the board allocated to the construction of the building, upon such terms as may be agreed upon by the board and the lender and approved by resolution of the board of supervisors of the county.
Notes
Allows a county law-library board that decides to erect a library building to borrow money for construction and repay it from future income. Borrowing may come from any person or public or private entity, may not exceed half the board funds allocated to construction, and requires county-board-of-supervisors approval by resolution.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 6348.2 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-5/article-3/section-6348-2