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.­ (updated Jan. 1, 1978; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 53859's source at ca​.gov