§ 53859
95 words·~1 min read·
/ca/government-code/53859A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in this article:
(a)“local agency” means county, city and county, city, school district, community college district, or any other municipal or public corporation or district.
(b)“Grant anticipation note” means a note issued upon the security of specified accounts receivable from state or federal governments, including, without limitation, grants, loans, or a combination of both, for which funds have been appropriated and committed to a local agency.
(c)“Loan” includes, but is not limited to, a borrowing by a local agency represented or to be represented by bonds of a local agency.