Cal. SHC § 8745
This is the official text of Cal. SHC § 8745, part of California’s Streets and Highways Code — governs the construction and maintenance of public roads.
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Official statutory text
The legislative body may, by resolution, borrow money in anticipation of the sale of bonds which have been authorized pursuant to this division, but which have not been sold and delivered, issue negotiable bond anticipation notes therefor, and renew the notes from time to time. The maximum maturity of any bond anticipation notes, including the renewals thereof, shall not exceed three years from the date of delivery of the original notes.
Status: in_force · Read it on the official government site
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