§ 78. Anticipation notes.

Latest version.

In any budget year, the council may by ordinance authorize the borrowing of money by the issuance of anticipation notes, each of which shall be designated "tax anticipation note for the year 20 _____" (stating the budget year).

(Ord. No. 12,110, § 13, 11-19-12)

Editor's note

Section 13 of Ord. No. 12,110, adopted Nov. 19, 2012, changed the title of § 78 from "Borrowing in anticipation of property taxes" to "Anticipation notes."

State law reference

Tax anticipation notes, Vernon's Ann. Civ. St. art. 717w.

                    
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