§ 45-48.1-11. Issuance of notes in anticipation of revenue or receipt of grants or other aid. The district may also provide by resolution for the issuance, from time to time, of temporary notes in anticipation of the revenues to be collected or received by the district in any year, or in anticipation of the receipt of federal, state or local grants or other aid. Notes issued in anticipation of revenues, including any renewals thereof, shall mature no later than one year from their respective dates, and that notes issued in anticipation of federal, state or local grants or other aid including any renewals thereof, shall mature no later than three (3) years from their respective dates. The issue of the notes shall be governed by the provisions of this chapter relating to the issue of bonds or other notes as may be applicable.
History of Section. (P.L. 2003, ch. 270, § 1; P.L. 2003, ch. 364, § 1.)
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