68-2319. Highway program; bonds; definitions.
68-2319
68-2319. Highway program; bonds; definitions.The following words or terms used in this act shall havethe following meanings unless a different meaning clearly appears from the context:
(a) "Bonds" means any bonds, notes or other evidences of indebtedness,including book-entry-only, whether or not the interest on such bonds is subjectto federal income taxation,issued pursuant to the authority of this act.
(b) "Secretary" means the secretary of transportation.
(c) "Book-entry-only" means a system of electronic clearance, settlementand transfer of security ownership without the use of securities certificates.
History: L. 1989, ch. 209, § 6; July 1.