11-11-72. Valuation of securities held by capital reserve funds.
50 words·~1 min read·
/sd/title-11/chapter-11-11/11-11-72A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In computing the amount of the capital reserve funds for the purpose of §§ 11-11-71 to 11-11-75 , inclusive, securities in which all or a portion of such funds shall be invested shall be valued at par or if purchased at less than par, at their cost to the authority.