§ 11-42-603. Sources of payment for interim warrants and bond anticipation notes.

Latest version.

Each local entity that has issued interim warrants or bond anticipation notes shall pay the warrants or notes from:

(1) proceeds from the sale of assessment bonds;

(2) cash the local entity receives from the payment for improvements;

(3) assessments;

(4) improvement revenues that are not pledged to the payment of assessment bonds;

(5) proceeds from the sale of interim warrants or bond anticipation notes; or

(6) the local entity's guaranty fund or, if applicable, the reserve fund.

Amended by Chapter 246, 2009 General Session

                    
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