§ 35-8-21 - Consolidation of bond issues.
SECTION 35-8-21
§ 35-8-21 Consolidation of bond issues.– Bonds or notes issued pursuant to two (2) or more bond or note authorizationacts may be consolidated for the purpose of sale and issued, sold, printed, anddelivered as a single bond or note issue despite the requirement of any bond ornote authorization act requiring or designating a particular total for bonds ornotes issued pursuant to that act. Notwithstanding any requirement of theauthorization act that bonds or notes issued thereunder shall bear anyparticular designation, bonds or notes consolidated pursuant to this sectionshall be designated on their face "Consolidated Capital Development Loan of",followed by the year of issue and the series thereof in that year, or shallbear such other designation on their face as the general treasurer shall deemappropriate. Notwithstanding the provisions of this section, the generaltreasurer shall separately account for the bonds or notes issued under theproceeds received from bond or note sales under the particular authorizing act.