§551. Analysis of proposed bond issues The Commissioner of Administrative and Financial Services, together with the Treasurer of State, shall advise the Legislature and the Governor in a timely manner and in written form as to the effect on the State’s bonded debt of any bond issue or issues proposed. Specifically, the analysis provided must […]
§552. Bond issues to include statement of estimated total debt service Whenever a bond issue is passed by the Legislature and presented to the voters for ratification, the question presented to the voters shall be accompanied on the ballot by a statement prepared by the Treasurer of State estimating the total debt service, including interest, […]
§553. Lapse of unused General Fund bond issues All General Fund bond issues passed by the Legislature for presentation to the voters shall contain language which stipulates that bond proceeds which have not been expended 10 years after the date of the sale of the bonds shall lapse to General Fund debt service. [PL […]
