(a)This section applies only to the following governmental entities:
(3)a public corporation of the State;
(4)a sanitary commission or district; and
(5)a unit, public corporation, or other instrumentality of a county or a municipality.
(b)Notwithstanding any other law, a governmental entity authorized to issue bonds may issue bonds in a form that qualifies as a registered form under §§ 103 and 149 of the Internal Revenue Code or a regulation adopted under those sections.
(c)Whenever a governmental entity provides for the sale of bonds in registered form, the governmental entity may:
(1)establish procedures for the registration and transfer of the bonds;
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(a) This section applies only to the following governmental entities:
(1) a county;
(2) a municipality;
(3) a public corporation of the State;
(4) a sanitary commission or district; and
(5) a unit, public corporation, or other instrumentality of a county or a municipality.
(b) Notwithstanding any other law, a governmental entity authorized to issue bonds may issue bonds in a form that qualifies as a registered form under §§ 103 and 149 of the Internal Revenue Code or a regulation adopted under those sections.
(c) Whenever a governmental entity provides for the sale of bonds in registered form, the governmental entity may:
(1) establish procedures for the registration and transfer of the bonds;
(2) appoint any agent, including an authenticating trustee, corporate trustee, paying agent, registrar, or transfer agent;
(3) in connection with the establishment and maintenance of a central depository system for the transfer or pledge of the bonds, make agreements with:
(i) custodian banks and their nominees; or
(ii) financial intermediaries and their nominees; and
(4) exercise any other power that relates to issuance of bonds in registered form.