Section 69-2-31 - Transfer and disbursement of proceeds of sale of bonds and notes

Upon the issuance and sale of bonds or notes, the State Bond Commission shall transfer the proceeds of any such sale or sales to the Emerging Crops Fund. The proceeds of such bonds or notes shall be disbursed solely upon the order of the department under such restrictions, if any, as may be contained in the resolution providing for the issuance of the bonds or notes.Laws, 1987, ch. 482, § 16; Laws, 1988, ch. 580, § 21, eff. 5/21/1988.