As Amended
SEC. 37-151-31. Conditions for approval of bonds.
If it shall appear to the satisfaction of the State Bond Commission from the request provided for in Section 37-151-29:
(a) That the estimate of the needs for the then current fiscal year as shown pursuant to the requirement of Section 37-151-29 requires bonds to be issued in the amount requested; and
(b) That the issue will be within the limitations prescribed by Section 37-151-27; then it shall be the duty of the State Bond Commission to issue State Education Technology bonds in accordance with said request.
SOURCES: Laws, 1994, ch. 581, Sec. 26, eff from and after July 1, 1994