As used in this article: (a) âlocal agencyâ means county, city and county, city, school district, community college district, or any other municipal or public corporation or district. (b) âGrant anticipation noteâ 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) âLoanâ includes, but is not limited to, a borrowing by a local agency represented or to be represented by bonds of a local agency.
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