12-16,112. Same; amount of bonds, if issued.
12-16,112
12-16,112. Same; amount of bonds, if issued.
In addition to the temporary borrowing authorized by the
provisions of this act, any municipality authorized by law to issue bonds
for a public purpose or public improvement for which a state loan or grant
may be received pursuant to a written agreement may include in any bond
issue authorization an amount sufficient to temporarily finance any
expenditures necessary in advance of the receipt of the state loan or grant
as well as the amount of the municipality's share of the cost of the public
service or public improvement, if any.
History: L. 1989, ch. 56, § 5; July 1.