Statute · California Government Code
Cal. Gov't Code § 53859.08 — Grant Anticipation Notes
Cal. Gov't Code § 53859.08
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A grant or loan anticipation note or notes shall not be issued pursuant to this article in an amount at any time outstanding which shall exceed 95 percent of the grant or loan funds stated in writing by the granting or loaning authority as committed, appropriated and that shall be paid on a…
Citator
Cal. Gov't Code § 53859.08 — Grant Anticipation Notes is in force in the current edition of the Code, and nothing recorded condemns it.
A grant or loan anticipation note or notes shall not be issued pursuant to this article in an amount at any time outstanding which shall exceed 95 percent of the grant or loan funds stated in writing by the granting or loaning authority as committed, appropriated and that shall be paid on a specified date or dates, or event or events, within a 36-month period from the dating of such notes.