Government Code section 53859

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.

Source: Section 53859, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53859. (accessed Jun. 2, 2025).

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Last Updated

May 12, 2025

§ 53859’s source at ca.gov

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Location: https://california.public.law/codes/government_code_section_53859

Original Source: Section 53859, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53859. (last accessed May 12, 2025).