Statute · California Military and Veterans Code
Cal. Mil. & Vet. Code § 488.1 — Bond Anticipation Notes
Cal. Mil. & Vet. Code § 488.1
- Type
- Statute
- Source
- California Military and Veterans Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The interest on bond anticipation notes shall be payable from the same funds from which the interest on revenue bonds is payable. The principal of such notes shall be payable from the proceeds of sale of revenue bonds, provided that the department shall not be precluded from paying such…
Citator
Cal. Mil. & Vet. Code § 488.1 — Bond Anticipation Notes is in force in the current edition of the Code, and nothing recorded condemns it.
The interest on bond anticipation notes shall be payable from the same funds from which the interest on revenue bonds is payable. The principal of such notes shall be payable from the proceeds of sale of revenue bonds, provided that the department shall not be precluded from paying such principal from any other moneys lawfully available therefor.