69-2-39 - Empowering clause; exemption from limitations generally imposed on state obligations.
§ 69-2-39. Empowering clause; exemption from limitations generally imposed on state obligations.
Sections 69-2-19 through 69-2-39 of this chapter, without reference to any statute not referred to herein, shall be deemed to be full and complete authority for the issuance of such bonds or notes, and shall be construed as an additional and alternative method therefor, and none of the present restrictions, requirements, conditions or limitations of law applicable to the issuance or sale of bonds, notes or other obligations by the state shall apply to the issuance and sale of bonds or notes under Sections 69-2-19 through 69-2-39 of this chapter, and no proceedings shall be required for the issuance of such bonds or notes other than those provided for and required herein, and all powers necessary to be exercised in order to carry out the provisions of Sections 69-2-13 through 69-2-37 of this chapter are hereby conferred.
Sources: Laws, 1987, ch. 482, § 20; Laws, 1988, ch. 580, § 25, eff from and after passage (approved May 21, 1988).