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Cities, Counties, and Local Taxing Units | |
Assessment Area Act | |
Section 603 | Sources of payment for interim warrants and bond anticipation notes. |
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11-42-603. Sources of payment for interim warrants and bond anticipation notes. 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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