Public Finance

Bonded Indebtedness of State

SECTION 35-8-21

§ 35-8-21. Consolidation of bond issues.

Bonds or notes issued pursuant to two (2) or more bond or note authorization acts may be consolidated for the purpose of sale and issued, sold, printed, and delivered as a single bond or note issue despite the requirement of any bond or note authorization act requiring or designating a particular total for bonds or notes issued pursuant to that act. Notwithstanding any requirement of the authorization act that bonds or notes issued thereunder shall bear any particular designation, bonds or notes consolidated pursuant to this section shall be designated on their face "Consolidated Capital Development Loan of", followed by the year of issue and the series thereof in that year, or shall bear such other designation on their face as the general treasurer shall deem appropriate. Notwithstanding the provisions of this section, the general treasurer shall separately account for the bonds or notes issued under the proceeds received from bond or note sales under the particular authorizing act.

History of Section.
(P.L. 1985, ch. 302, § 1.)