Section 1-16A-81 - Discounted sale of education savings bonds--Interest--Payment at maturity.
1-16A-81. Discounted sale of education savings bonds--Interest--Payment at maturity. Education savings bonds or certificates of participation may be sold at any discount to be determined by the authority, need not bear a stated rate of interest, and may be payable in one payment at maturity on a fixed date.
Source: SL 1990, ch 10, § 4.