As Amended
SEC. 37-151-29. Request to State Bond Commission for issuance of bonds.
Before any State Education Technology bonds are issued as authorized by this article, the State Board of Education shall transmit to the State Bond Commission a request for the issuance thereof in the form of a resolution adopted by said council. Said request shall embody the following:
(a) A schedule showing the aggregate of bonds issued pursuant to previous requests, the purposes for which the same were issued, the annual payments required to retire such bonds and the interest thereon, and the amount of sinking fund applicable to the retirement of such outstanding bonds;
(b) The amount of bonds sought to be issued, the purpose or purposes for which such bonds are to be issued, and the amount intended for each purpose;
(c) A schedule showing future annual principal requirements and estimated annual interest requirements on the bonds requested to be issued;
(d) The estimated amount of the allotments which the State Board of Education intends to make within the then current fiscal year;
(e) The aggregate amount for which allotments have been approved, but which await completion because the funds necessary to make the same are not available.
SOURCES: Laws, 1994, ch. 581, Sec. 25, eff from and after July 1, 1994