[§304A-2686]  Fiscal agents.  Thedirector of finance of the State, when requested by the board, shall renderfull and complete assistance to the board in the preparation and sale ofrevenue bonds issued pursuant to this subpart.  The director of finance shallbe the fiscal agent of the board for the payment of all principal and interest,and for the transfer, of revenue bonds.  Sections 36‑3 and 39‑12shall apply to this subpart.  The director of finance shall set up in thetreasury of the State suitable accounts for:

(1)  Deposit of all revenues of university projects,university systems, or networks and for the payment of all revenue bonds andthe interest thereon;

(2)  Deposit of all other payments provided orrequired by this subpart, or any resolution or resolutions of the board; and

(3)  Holding of all reserves created under thissubpart, or pursuant to any resolution of the board. [L 2007, c 161, pt of §1]