The authority may issue negotiable promissory notes to acquire funds for any authority purpose. The notes shall have a term not to exceed five years. The total amount of notes issued pursuant to this section that may be outstanding at any one time may not exceed one million dollars ($1,000,000).
(Added by Stats. 2002, Ch. 849, Sec. 1. Effective January 1, 2003.)
Last modified: October 25, 2018