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Bonds | |
1993 Bonding | |
Section 104 | Manner of issuance -- Amounts, interest, and maturity. |
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63B-2-104. Manner of issuance -- Amounts, interest, and maturity. (1) Bonds issued under this chapter may be authorized, sold, and issued at times and in a manner determined by the commission by resolution. (2) Bonds may be issued in one or more series, in amounts, and shall bear dates, interest rates, including a variable rate, and maturity dates as the commission determines by resolution. (3) A bond issued may not mature later than 20 years after the date of final passage of this chapter.
Enacted by Chapter 304, 1993 General Session |
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