463C.19 - DISSOLUTION OF THE AUTHORITY.

        463C.19  DISSOLUTION OF THE AUTHORITY.         The authority shall dissolve no later than two years after the      date of final payment of all outstanding bonds and the satisfaction      of all outstanding obligations of the authority, except to the extent      necessary to remain in existence to fulfill any outstanding covenants      or provisions with bondholders or third parties made in accordance      with this chapter.  Upon dissolution of the authority, all assets of      the authority shall be returned to the state and shall be deposited      in the general fund of the state, unless otherwise directed by the      general assembly, and the authority shall execute any necessary      assignments or instruments, including any assignment of any right,      title, or ownership to the state for receipt of payments.  
         Section History: Recent Form
         2005 Acts, ch 178, §61, 64