§ 9-21-501. Authorization for the Issuance of Bond Anticipation Notes
The governing body of the local government acting by resolution is hereby authorized to issue and sell interest-bearing bond anticipation notes for all purposes for which bonds can be legally authorized and issued by a local government for public works projects as defined by this chapter, and for purposes authorized by chapter 11 of this […]
§ 9-21-502. Purchase and Terms of Bond Anticipation Notes
Bond anticipation notes shall be sold for not less than ninety-nine percent (99%) of the par value thereof and accrued interest as the governing body of the local government may direct. Bond anticipation notes may be sold in one (1) or more series, may bear such date or dates, may bear interest at such rate […]
§ 9-21-503. Method of Sale of Bond Anticipation Notes
Bond anticipation notes may be sold in such manner either at a competitive public sale or at a private negotiated sale as the governing body of the local government may direct.
§ 9-21-504. Security for Bond Anticipation Notes
Bond anticipation notes issued in anticipation of bonds secured by the full faith and credit of the local government shall be secured by a pledge of the taxing power of the local government, as to all taxable property in the local government or a portion of the local government, if applicable, which shall be subject […]
§ 9-21-505. Approval of Bond Anticipation Notes and Application for Their Extension or Renewal
The sale of bond anticipation notes shall first be approved by the comptroller of the treasury or the comptroller’s designee, and the notes shall be issued for the express purpose of providing funds in anticipation of the sale of bonds. All such notes shall be issued for a period not to exceed two (2) years […]