The state bond committee shall issue notes for the amounts borrowed with a maturity date not to exceed one year from the date of issue. All the notes are payable at a fixed place, on or before a fixed time, or at a fixed time, from the proceeds of the sale of bonds, in anticipation of which the original note or notes were issued, unless the bonds have not been sold by the maturity date of the notes. Interest on the notes is payable at a fixed place, on or before a fixed time, out of appropriations made for the payment of interest on general obligation notes or bonds of the state.
Section: Previous 37.15.300 37.15.310 37.15.320 37.15.330 37.15.340 37.15.350 37.15.360 37.15.370 37.15.380 37.15.390 NextLast modified: November 15, 2016