259.05 Issuance of bonds.
95 words·~1 min read·
/fl/title-xviii/chapter-259/259-05·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Upon request of the board, by appropriate resolution, the Division of Bond Finance from time to time, subject to the debt limitation provided herein, may issue bonds pledging the full faith and credit of the state as shall be necessary to provide sufficient funds to achieve the purposes set out in such request.
(2)The issuance of such bonds to finance state capital projects for environmentally endangered lands or outdoor recreation lands is authorized in the manner, and subject to the limitations, provided by the State Bond Act, except as otherwise expressly provided herein.