California § 8745. 8745. (Added by Stats. 1984, Ch. 1298, Sec. 15.)

California Statutes

§ 8745. — 8745. (Added by Stats. 1984, Ch. 1298, Sec. 15.)

California § 8745.

Code SHCStreets and Highways Code - SHC

Div. 10.DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915

Part 10.7.PART 10.7. BOND ANTICIPATION NOTES

This text of California § 8745. (8745. (Added by Stats. 1984, Ch. 1298, Sec. 15.)) 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.

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Cal. Streets and Highways Code - SHC Code § 8745. (2026).

Text

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.

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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.