<?xml version='1.0' encoding='utf-8'?>
<section article="glg" article_name="Local Government" number="1-1429" title_number="1" title_name="Definitions; General Provisions" subtitle_number="14">
  <level label="a">
    <text>An authority may issue negotiable bond anticipation notes in anticipation of the sale of bonds for any corporate purpose.</text>
  </level>
  <level label="b">
    <text>Bond anticipation notes issued under this section shall be issued in the same manner as bonds.</text>
  </level>
  <level label="c">
    <text>Bond anticipation notes issued under this section and the resolution authorizing them may contain any provision, condition, or limitation that may be included in a trust agreement.</text>
  </level>
  <level label="d">
    <text>An authority may issue bond anticipation notes to pay any other bond anticipation notes.</text>
  </level>
  <level label="e">
    <text>Bond anticipation notes shall be paid from:</text>
    <level label="1">
      <text>money available and not otherwise pledged;</text>
    </level>
    <level label="2">
      <text>revenues of the authority; or</text>
    </level>
    <level label="3">
      <text>the proceeds of the sale of the bonds in anticipation of which the notes were issued.</text>
    </level>
  </level>
</section>
