6-8B-26. Anticipation notes--When issuance authorized.
61 words·~1 min read·
/sd/title-6/chapter-6-8/6-8b-26A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When all conditions precedent to the offering for sale of bonds of a public body in any amount and for any authorized purpose have been satisfied, the governing body may, by resolution, issue and sell notes in anticipation of the issuance of the bonds in the manner and subject to the limitations set forth in §§ 6-8B-26 to 6-8B-29 , inclusive.