RS 1811 - Amount of grant anticipatory note; limitation
No grant anticipation note or notes shall be issued by a public entity pursuant to this Chapter in an amount which, when added to the amount of any other such type note or notes outstanding at the time and issued in anticipation of the same grant or loan, shall exceed ninety-five percent of the grant or loan funds committed and appropriated to the public entity by the granting or loaning authorities and payable within a thirty-six month period from the date of issuance of such note or notes then being issued.
NOTE: §1811 as repealed by Acts 2018, No. 569, eff. July 1, 2021.
RS 1811 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
Added by Acts 1980, No. 257, §1, eff. July 12, 1980; Acts 2018, No. 569, §2, eff. July 1, 2021.