SEC. 37-151-45. Sale of bonds; disposition of proceeds.
All State Education Technology bonds issued under the provisions of Section 37-151-27 through 37-151-61 shall be sold by the said State Bond Commission upon sealed competitive bids or proposals after advertisement therefor and publication of the notice of such sale in the manner provided by law.
The proceeds of the sale of all State Education Technology bonds shall be placed in the "State Public School Education Technology Fund" created under Section 37-151-23 and shall be expended only for the purposes authorized by Section 37-151-27 through 37-151-61.
SOURCES: Laws, 1994, ch. 581, Sec. 33, eff from and after July 1, 1994