Current with changes from the 2024 Legislative Session
Section 8-205 - Form of bonds(a) A State unit authorized to issue bonds may issue bonds:(2) notwithstanding any other provision of law, in a form that qualifies as a registered form under §§ 103 and 149 of the Internal Revenue Code or a regulation proposed or adopted under those sections.(b) Whenever a State unit provides for the sale of bonds in registered form, the State unit may: (1) establish procedures for the registration and transfer of the bonds;(2) appoint any agent, including an authenticating trustee, corporate trustee, paying agent, registrar, or transfer agent;(3) in connection with the establishment and maintenance of a central depository system for the transfer or pledge of the bonds, make agreements with:(i) custodian banks and their nominees; or(ii) financial intermediaries and their nominees; and(4) exercise any other power that relates to issuance of bonds in registered form.