§ 53859

53859. As used in this article: (a) 'local agency' means county, city and county, city, school district, community college district, or any other municipal or public corporation or district.(b) 'Grant anticipation note' means a note issued upon the security of specified accounts receivable from state or federal governments, including, without limitation, grants, loans, or a combination of both, for which funds have been appropriated and committed to a local agency.(c) 'Loan' includes, but is not limited to, a borrowing by a local agency represented or to be represented by bonds of a local agency.(Amended by Stats. 1978, Ch. 637.)