48-101. State certification board
A. The state certification board shall consist of the attorney general, the
director of water resources and the superintendent of financial institutions.
B. The board shall elect one of its members chairman, and appoint a secretary who
shall keep the records and minutes of the board. One or more members of the board shall
from time to time, as may be required, designate from his or their regularly employed
personnel the secretary and such clerks and assistants as are necessary to perform the
duties of the board but without extra compensation.
C. The governor shall be an ex officio member of the board without additional
compensation. The office of the board shall be at phoenix, where records concerning all
proceedings taken under this article shall be kept.
D. The board shall meet on a call of the chairman or on the written request of
three of its members at a fixed time within official business hours, on not less than two
days' prior written notice, but notice may be waived in writing. Meetings may be recessed
or adjourned from time to time without giving further notice and continuances may be
granted for good cause. A majority shall constitute a quorum and matters pending before
the board shall be decided by majority vote. The board shall be authorized to adopt and
promulgate necessary rules of procedure and regulations for the conduct of its affairs
and discharge of its duties under this article. No fees other than for necessary
stenographic services, printing or publication, shall be charged or collected from the
applicant by the board.
E. The scope and subjects of the board's examination, consideration and
determination shall be confined to the matters prescribed and embraced in the record
filed by the applicant in support of its application and its proposed bond issue, proof
offered in respect thereto, and the adequacy, weight and sufficiency thereof to justify
the proposed bond issue.
|