1-16A-83. Plan of implementation for issuance and sale of education savings bonds.
127 words·~1 min read·
/sd/title-1/chapter-1-16/1-16a-83A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The authority may develop a plan of implementation for the issuance and sale of bonds or certificates of participation as education savings bonds or certificates, including:
(1)The advertising to inform the public about the availability of such bonds or certificates;
(2)The marketing and financing of the issue and sale; and
(3)The establishment of specific increments, maturities, and denominations in which such bonds or certificates shall be marketed in order to make the bonds or certificates affordable and funds available at the time when such funds are needed to pay education costs.
Upon the request of the authority, the State Board of Regents, the state treasurer, and any department, agency, or state authority may assist the authority in the preparation and implementation of such plan.