§39-13 - Fiscal and paying agents and registrars.
§39-13 Fiscal and paying agents andregistrars. The director of finance may appoint, with the approval of thegovernor, such fiscal agents, paying agents and registrars, within and withoutthe State, as may be necessary and expedient to facilitate the sale, purchase,registration, transfer, exchange, and redemption of the bonds of the State andthe payment of the principal thereof and interest thereon. The director offinance may authorize and empower fiscal agents and paying agents, for and onbehalf of the State, to receive and receipt for moneys realized from the saleof bonds and to pay out moneys for the payment, redemption, or purchase thereofand for the payment of interest thereon, and to receive receipts for all moneysso paid out. Moneys received by the fiscal agents and paying agents from thesale of bonds on behalf of the State, for a period of fifteen days after thesale of bonds, shall not be considered as deposits within the meaning ofchapter 38, and moneys placed with the fiscal agents and paying agents for thepurpose of purchase or payment or redemption of bonds and coupons shall not beconsidered as deposits within the meaning of chapter 38. All appointments madeunder this section may be revoked by the director of finance at any time. [L1988, c 28, pt of §3]