Power and duty of Governor and State Treasurer upon receipt of bond resolution.

Checkout our iOS App for a better way to browser and research.

If following presentation of a certified copy of the bond resolution it appears to the satisfaction of the Governor and the State Treasurer that the estimated collection from the sources of revenue in applicable future fiscal years are not less than that required for annual debt service requirements for the requested turnpike bonds, the Governor and State Treasurer may effect the delivery of bonds in accordance with the bond resolution.

HISTORY: 1980 Act No. 449; 1985 Act No. 201, Part II, Section 84D.


Download our app to see the most-to-date content.