§ 142-29.1 – Title of Article.

142-29.1. Title of Article. This Article may be known and cited as the "State Refunding Bond Act." (1935, c. 445, s. 1; 1985 (Reg. Sess., 1986), c. 823, s. 1.)

§ 142-29.2 – Definitions.

142-29.2. Definitions. The words and phrases defined in this section shall have the meanings indicated when used in this Article, unless the context clearly requires another meaning: (1) "Authorized investments" means a. Direct obligations of the United States government, b. Obligations the principal of and the interest on which are guaranteed by the United States […]

§ 142-29.3 – Purpose.

142-29.3. Purpose. The purpose of this Article is to provide statutory procedures or to supplement existing procedures for the issuance of refunding obligations. (1935, c. 445, s. 3; 1985 (Reg. Sess., 1986), c. 823, s. 1.)

§ 142-29.4 – Powers.

142-29.4. Powers. In addition to the powers it may now or hereafter have, the State shall have the following powers, subject to the provisions of this Article and applicable bond documentation: (1) to borrow money and issue one or more series of refunding obligations for the purpose of refunding all or any part of any […]

§ 142-29.5 – Authorization of refunding obligations.

142-29.5. Authorization of refunding obligations. By and with the consent of the Council of State, the State Treasurer is authorized to issue and sell, from time to time, refunding obligations for the purpose of refunding outstanding obligations as and to the extent authorized by this Article. The principal amount of any such refunding obligations shall […]

§ 142-29.6 – Sale of refunding obligations and provisions thereof.

142-29.6. Sale of refunding obligations and provisions thereof. (a) The bonds shall bear such date or dates, shall be serial or term bonds, shall mature in such amounts and at such times, not exceeding 40 years from their date or dates, and shall bear interest at such rate or rates, which may vary from time […]

§ 142-29.7 – Additional refunding obligation provisions.

142-29.7. Additional refunding obligation provisions. In fixing the details of refunding obligations, the State Treasurer may provide that any of the refunding obligations: (1) May be made payable from time to time on demand or tender for purchase by the owner thereof provided a credit facility supports such refunding obligations, unless the State Treasurer specifically […]