5-12-27.1. Refunding bonds authorized--Purposes.
The Building Authority may issue negotiable refunding bonds to refund:
(1)Unpaid matured bonds;
(2)Unpaid matured coupons evidencing interest upon its unpaid matured bonds; and
(3)Interest at the coupon rate upon its unpaid matured bonds that has accrued since the maturity of these bonds.
Source: SL 1975, ch 50, §1.