Statutes > Iowa Statutes > Title 4 - Public Health > Subtitle 1 - Alcoholic Beverages and Controlled Substances > CHAPTER 123 - ALCOHOLIC BEVERAGE CONTROL > 123.157 - ANTICIPATORY NOTES.

123.157 - ANTICIPATORY NOTES.

        123.157  ANTICIPATORY NOTES.
         The commission may borrow money and issue notes in anticipation of
      the receipt of proceeds of the sale of revenue bonds.  Any such loan
      shall be paid within three years.  Notes issued for moneys so
      borrowed may be renewed from time to time within the three-year
      limitation.  Notes shall be issued and sold in the same manner as
      provided for the issuance of bonds.
         Section History: Early Form
         [C81, § 123.157]