Public Finance

Savings Bond Program

SECTION 35-15-6

§ 35-15-6. Authorization of additional terms.

Notwithstanding any contrary provision of any general obligation bond act, the general treasurer, with the approval of the governor, is authorized and empowered to issue bonds in serial or term form in the name of and on behalf of the state, in amounts that will raise usable bond proceeds in an amount equal to the total amount for the projects authorized by the general obligation bond acts as has been approved by vote of the people.

History of Section.
(P.L. 1988, ch. 426, § 1.)