ARTICLE 11.5. Revenue Bond Anticipation Notes

Article 11.5 added by Stats. 1975, Ch. 27.

§§ 54664–54667 · 4 sections

• § 54664 When the legislative body deems it in the best interests of the local agency, it may authorize the issuance of notes, on a negotiated or a competitive bid…
• § 54665 All notes issued pursuant to this article and any renewal thereof shall be payable at a fixed time, except that in the event that the sale of the bonds shall…
• § 54666 The principal of, and interest on, such notes may be paid from the revenues of the enterprise. If such notes, or any portion thereof, or the interest thereon,…
• § 54667 Notes may be issued pursuant to this article in anticipation of the sale of bonds authorized either before or after the effective date of this article.