§39-13  Fiscal and paying agents and
registrars.  The director of finance may appoint, with the approval of the
governor, such fiscal agents, paying agents and registrars, within and without
the State, as may be necessary and expedient to facilitate the sale, purchase,
registration, transfer, exchange, and redemption of the bonds of the State and
the payment of the principal thereof and interest thereon.  The director of
finance may authorize and empower fiscal agents and paying agents, for and on
behalf of the State, to receive and receipt for moneys realized from the sale
of bonds and to pay out moneys for the payment, redemption, or purchase thereof
and for the payment of interest thereon, and to receive receipts for all moneys
so paid out.  Moneys received by the fiscal agents and paying agents from the
sale of bonds on behalf of the State, for a period of fifteen days after the
sale of bonds, shall not be considered as deposits within the meaning of
chapter 38, and moneys placed with the fiscal agents and paying agents for the
purpose of purchase or payment or redemption of bonds and coupons shall not be
considered as deposits within the meaning of chapter 38.  All appointments made
under this section may be revoked by the director of finance at any time. [L
1988, c 28, pt of §3]