15-2087. Bond purchase; cancellation
The school facilities board may purchase bonds for cancellation out of any monies
available for the purchase at a price of not more than either of the following:
1. If the bonds are redeemable at the time of the purchase, the applicable
redemption price plus accrued interest to the next interest payment date on the bonds.
2. If the bonds are not redeemable at the time of the purchase, the applicable
redemption price on the first date after the purchase on which the bonds become subject
to redemption plus accrued interest to that date.
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