§ 42-116-11. Payment of state funds - Agreement between corporation and department. (a) Subject to the provisions of subsection (b), upon the written request of the corporation, the general treasurer of the state shall pay to the corporation from time to time the proceeds of any bonds or notes issued by the state for the purposes of this chapter, any appropriations of the state made for the benefit of the corporation, or any other funds lawfully payable by the state to the corporation, or any revenues dedicated to corporate purposes.
(b) The executive director of the corporation, with the approval of the board and the governor on behalf of the state, may enter into, execute, and deliver one or more agreements with the corporation setting forth or otherwise determining the terms, conditions and procedures for, and the amount, time, and manner of payment of, all amounts available from the state to the corporation under this section. The agreement or agreements may include any covenants and undertakings of the state and the corporation that the governor and the corporation deem reasonable.
History of Section. (P.L. 1991, ch. 3, § 4.)
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.