10-108.   Transcript of proceedings and bonds to state treasurer;fee for registration or certification; bond services fee fund; transmission toattorney general to determine sufficiency; return of bonds to municipality.(a) Before any bonds become a valid obligation, a full and complete transcriptof the proceedings leading up to the issuance thereof, properly certified bythe clerk, secretary or other recording officer of the municipality proposingto issue such bonds, shall be transmitted to the state treasurer, together withthe bonds proposed to be issued and any coupons attached thereto. The statetreasurer shall submit such transcript to the attorney general for the purposeof determining the sufficiency of the transcript. Upon receiving writtenapproval of such sufficiency, the state treasurer shall register such bonds inthe municipal bond register in the state treasurer's office. Thereupon, thestate treasurer, under seal of office, shall certify upon thebonds the factthat they have been registered.

      (b)   The state treasurer is hereby authorized to fix, charge and collectfees for registration or certification under this section. Fees forregistration or certification of bonds shall be fixed: (1) For each bond issuefor which the state treasurer serves as paying agent, a fee of not more than$30 per issue, and (2) for each bond issue for which the state treasurer doesnot serve as paying agent, a fee of not more than $30 per issue and a fee ofnot more than $.30 per bond in the issue. All such fees received shall bedeposited in the state treasury to the credit of the bond services fee fund,which is hereby created. All expenditures from the bond services fee fund shallbe made in accordance with appropriation acts upon warrants of the director ofaccounts and reports issued pursuant to vouchers approved by the statetreasurer or a person or persons designated by the state treasurer.

      (c)   Bonds which have been registered under this section shall be returned tothe municipality issuing the same. The state treasurer may make personaldelivery of the bonds to the purchaser or to an authorized officer or agent ofthe municipality at the office of the state treasurer. In lieu of return bypersonal delivery, the state treasurer may return the bonds by registered orcertified mail, return receipt of addressee only, or by any other methodprescribed in writing by the municipality. All returns shall be at the expenseof the municipality and moneys received to reimburse the state treasurer forreturn charges shall be deposited in the state treasury and credited to thebond services fee fund created by this section.

      (d)   The attorney general shall appoint an additional assistant attorneygeneral for the purpose of determining the sufficiency of transcriptssubmitted to the attorney general by the state treasurer.

      History:   R.S. 1923, § 10-108; L. 1933, ch. 34, § 1 (SpecialSession); L. 1974, ch. 45, § 3; L. 1983, ch. 49, § 23; L. 1991, ch. 48,§ 1;L. 1996, ch. 222, § 1; July 1.