§201H-35 - Bond financing.
[§201H-35] Bond financing. Thedirector of finance may issue general obligation bonds and short-term projectnotes of the State in an aggregate amount not to exceed $105,000,000 for thedwelling unit revolving fund created by section 201H-191. Pending the receiptof funds from the issuance and sale of the bonds and notes, the amount requiredfor the purposes of this chapter shall be advanced from the general fund of theState. Upon the receipt of the bond or note funds, the general fund shall bereimbursed. The director of finance may sequester and separate the proceedsfrom the sale of the bonds and notes into separate funds and the amounts ineither fund may be used for any of the purposes set forth in this chapter. [L2006, c 180, pt of §3]