§ 29-14-104 — Issuance of bond anticipation notes

Colorado § 29-14-104

• Jurisdiction: Colorado
• Title 29: Government
• Art.: Bond Anticipation Note Act

Text

(1) Any public body may
issue from time to time its bond anticipation notes for any purposes lawfully
authorized to be undertaken by such public body or to redeem outstanding bond
anticipation notes. Such bond anticipation notes shall be issued in anticipation of
the issuance of bonds by the public body.

(2) Except as provided in this article, the bond anticipation notes shall be
issued pursuant to the provisions of law which govern the issuance of the bonds in
anticipation of which the bond anticipation notes are being issued.

(3) Bond anticipation notes issued pursuant to this article shall be payable
from the proceeds of the sale of additional bond anticipation notes or from the
proceeds of the sale of the bonds of the public body or other moneys of the public
body legally available for such purpose.

Legislative History

Source: L. 81: Entire article added, p. 1420, � 1, effective July 1.