23-665.06. Note purchase; cancellation
(Rpld. 1/1/16)
The director may purchase notes for cancellation out of any monies available for the purchase, at a price of not more than either of the following:
1. If the notes are redeemable at the time of the purchase, the applicable redemption price plus accrued interest to the next interest payment date on the notes.
2. If the notes are not redeemable at the time of the purchase, the applicable redemption price on the first date after the purchase on which the notes become subject to redemption plus accrued interest to that date.
Section: Previous 23-657 23-665 23-665.01 23-665.02 23-665.03 23-665.04 23-665.05 23-665.06 23-665.07 23-665.08 23-665.09 23-665.10 23-665.11 23-665.12 23-665.13 NextLast modified: October 13, 2016