As Amended
SEC. 37-47-37. Prerequisites to issuance of bonds.
If it shall appear to the satisfaction of the state bond commission from the request provided for in section 37-47-35:
(a) That the estimate of the needs for the then current fiscal year as shown pursuant to the requirement of section 37-47-35, requires bonds to be issued in the amount requested; and
(b) That the issue will be within the limitations prescribed by section 37-47-33;
then it shall be the duty of the state bond commission to issue state school bonds in accordance with said request.
SOURCES: Codes, 1942, Sec. 6247-12; Laws, 1953, Ex Sess, ch. 13, Sec. 12; 1955, Ex Sess, ch. 56, Sec. 1.