California § 53859. 53859. (Amended by Stats. 1978, Ch. 637.)

California Statutes

§ 53859. — 53859. (Amended by Stats. 1978, Ch. 637.)

California § 53859.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.2.

Title 5.DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES

Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES

Ch. 4.CHAPTER 4. Financial Affairs

Art. 7.7.ARTICLE 7.7. Grant Anticipation Notes

This text of California § 53859. (53859. (Amended by Stats. 1978, Ch. 637.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 53859. (2026).

Text

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.

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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.