(1) The lessor under any additional lease-purchase agreement entered into by the director pursuant to the provisions of this part 7 shall be any for-profit or nonprofit corporation, trust, or commercial bank as trustee.
(2) On and after August 11, 2010:
The director is authorized to execute on behalf of the nonprofit corporation abolishedby Senate Bill 10-122, enacted in 2010, any documents related to any additional lease-purchase agreement for which said nonprofit corporation was the lessor pursuant to the provisions of this part 7;
The director is authorized to expend moneys of the nonprofit corporation abolishedby Senate Bill 10-122, enacted in 2010, as is necessary and appropriate to wind up the affairs of the nonprofit corporation. After receiving written notification from the director that the affairs of the nonprofit corporation have been concluded, the state treasurer shall transfer the remaining balance of any account in the state treasury containing moneys of the nonprofit corporation to the general fund.
The state treasurer is authorized to accept on behalf of the nonprofit corporationabolished by Senate Bill 10-122, enacted in 2010, any revenues to which the nonprofit corporation would otherwise be legally entitled. Any revenues so received by the state treasurer shall be credited to the general fund.
Source: L. 87: Entire part added, p. 1117, § 1, effective June 20. L. 93: Entire section amended, p. 2032, § 2, effective June 9. L. 2010: Entire section amended, (SB 10-122), ch. 64, p. 225, § 1, effective August 11.