§ 41-5790 – Investment of monies in school improvement revenue bond debt service fund
41-5790. Investment of monies in school improvement revenue bond debt service fund A. The board may authorize the state treasurer or bond trustee to invest and reinvest any monies in the school improvement revenue bond debt service fund as provided by section 41-5791. B. All monies earned as interest or otherwise derived from the investment […]
§ 41-5791 – Authorized investments of fund monies
41-5791. Authorized investments of fund monies A. On notice from the board, the state treasurer or bond trustee shall invest and divest monies in either the school improvement revenue bond proceeds fund or the school improvement revenue bond debt service fund in any of the following: 1. Obligations issued or guaranteed by the United States […]
§ 41-5792 – Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments
41-5792. Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code, subject only to any provisions for registration, regardless of whether the bonds actually constitute negotiable instruments under the uniform commercial code. B. The […]
§ 41-5793 – Effect of changing circumstances on bonds; agreement of state
41-5793. Effect of changing circumstances on bonds; agreement of state A. Bonds issued under this article remain valid and binding obligations of the board notwithstanding that before the delivery of the bonds any of the persons whose signatures appear on the bonds cease to be members of the board. B. An amendment of any provision […]