Cal. Sts. & Hy. Code § 8745

Current through the 2023 Legislative Session.
Section 8745 - Borrowing money in anticipation of sale of bonds; issuance of negotiable bond anticipation notes

The legislative body may, by resolution, borrow money in anticipation of the sale of bonds which have been authorized pursuant to this division, but which have not been sold and delivered, issue negotiable bond anticipation notes therefor, and renew the notes from time to time. The maximum maturity of any bond anticipation notes, including the renewals thereof, shall not exceed three years from the date of delivery of the original notes.

Ca. Sts. and High. Code § 8745

Added by Stats. 1984, Ch. 1298, Sec. 15.