Section 51370 Of Chapter 7. Revenue Bonds From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 7.
51370
. In addition to the authority otherwise contained in this
division to issue notes in anticipation of the sale of bonds, the
agency may issue negotiable bond anticipation notes and negotiable
construction loan notes and may renew such notes from time to time.
Bond anticipation notes may be paid from the proceeds of sale of the
bonds of the agency in anticipation of which they were issued.
Construction loan notes may be paid from the proceeds of permanent
loans. Bond anticipation notes and construction loan notes and
agreements relating thereto and the resolution or resolutions
authorizing such notes and agreements may contain any provisions,
conditions, or limitations which a bond, agreement relating thereto,
or bond resolution of the agency may contain.