Sec. 37.15.155. Prohibited bidding on bonds and anticipation notes.
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Sec. 37.15.155. Prohibited bidding on bonds and anticipation notes.
(a)A person who provides financial programming or marketing assistance to the state bond committee in connection with the issuance or sale of general obligation bonds, revenue bonds, or bond anticipation notes of the state may not bid on the bonds.
(b)The sale of general obligation bonds, revenue bonds, or bond anticipation notes of the state to a person who is prohibited from bidding on the bonds or notes under
(a)of this section is against public policy and the sale is void.
(c)In this section “person” means an individual, firm, agent, factor, intermediary, partnership, corporation, association, bond house, stockbroker, or bond broker.