(a) Whenever all of the conditions required by this law have been met, the Commissioner of Education shall execute a certificate on each revolving loan bond or revolving loan certificate of indebtedness to the effect that the bond or certificate, and the issue of which it is a part, has been approved by the State Board of Education.
(b) Thereafter, each such revolving loan bond or revolving loan certificate of indebtedness shall be a negotiable instrument.
Section: Previous 6-20-803 6-20-804 6-20-805 6-20-806 6-20-807 6-20-808 6-20-809 6-20-810 6-20-811 6-20-812 6-20-813 6-20-814 6-20-815 6-20-816 6-20-817 NextLast modified: November 15, 2016