255.513 Powers of the Division of Bond Finance and the Department of Management Services.
103 words·~1 min read·
/fl/title-xviii/chapter-255/255-513A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Division of Bond Finance and the Department of Management Services are authorized to jointly:
(1)Engage the services of remarketing agents, indexing agents, underwriters, financial advisers, special tax counsel, bond counsel, or similar type services with respect to the issuance of any obligations under this act.
(2)Procure credit enhancements such as municipal bond insurance, debt service reserve insurance, lease payment insurance, letters of credit or liquidity facilities such as letters of credit or surety bonds, or to enter into rate protection agreements, such as interest rate swaps or similar arrangements, in conjunction with the issuance of any obligations under this act.