28-7612. Grant anticipation notes
After the director has entered into one or more grant agreements, the board may issue and sell grant anticipation notes. The principal, premium, if any, and interest on the notes shall be paid solely from any of the following:
1. The grant revenues.
2. If provided by the board at the time of authorizing the issuance of the grant anticipation notes, other monies lawfully available for application to that purpose, including the proceeds from the sale of other obligations of the director.
Section: Previous 28-7568 28-7569 28-7570 28-7571 28-7572 28-7573 28-7611 28-7612 28-7613 28-7614 28-7615 28-7616 28-7617 28-7651 28-7652 NextLast modified: October 13, 2016