Section 201 – Borrowing authorized — Limitation — Issuance of notes — Maximum term.

63J-6-201. Borrowing authorized — Limitation — Issuance of notes — Maximum term. The state treasurer may borrow money for the state in anticipation of (a) income or revenue from taxes, whether the taxes are specific, ad valorem, excise, sales, income, franchise, or fees for the current fiscal year, or that portion of the taxes not […]

Section 202 – Issuance — Financing plan required — Contents — Order setting terms of notes — Recitations in notes — Report of sales — Disposition of proceeds.

63J-6-202. Issuance — Financing plan required — Contents — Order setting terms of notes — Recitations in notes — Report of sales — Disposition of proceeds. (1) If the state treasurer considers it to be in the best interests of the state to issue tax and revenue anticipation notes under Section 63J-6-201, the state treasurer […]

Section 203 – Redemption account — Creation — Sources — Use — Investment — Income.

63J-6-203. Redemption account — Creation — Sources — Use — Investment — Income. (1) There is created a restricted account within the General Fund known as the “Tax and Revenue Anticipation Note Redemption Account.” When any notes have been issued in anticipation of income or revenue under this chapter, not less than two days before […]

Section 204 – Expenses of notes paid from proceeds.

63J-6-204. Expenses of notes paid from proceeds. All expenses incident to the issuance of tax and revenue anticipation notes under this chapter shall be paid from the proceeds of sale of the notes credited to the General Fund. Renumbered and Amended by Chapter 382, 2008 General Session