§ 46-25-44 — § 46-25-44. Payment of bond issue expenses, interest, and principal.

§ 46-25-44. Payment of bond issue expenses, interest, and principal.

For the purpose of paying any expenses incurred by the general treasurer in the issuance of the bonds or notes under the authority of this chapter, and any interest and any principal becoming payable, from time to time on the bonds or notes issued under the authority of this chapter and then outstanding, the state controller is hereby authorized and directed to draw his or her orders upon the general treasurer for the payment of the expenses, interest, and principal out of the fund. In the event that the amount available in the fund is not sufficient for this purpose, a sum sufficient is hereby annually appropriated out of any money in the treasury not otherwise appropriated for the payment of the expenses, interest, and principal.

Legislative History

P.L. 1980, ch. 342, § 1.