57.10 - Guidelines for sale of bonds and notes on a negotiated basis.

* §  57.10  Guidelines  for  sale  of  bonds and notes on a negotiated  basis.  The state comptroller shall promulgate rules in conformance with  the state administrative procedure act governing the sale of  bonds  and  notes on a negotiated basis as authorized by sections 54.90 and 57.00 of  this  chapter.  No  bond  or  note  sale  on a negotiated basis shall be  conducted by a municipality, school  district  or  district  corporation  without  prior  approval  of the state comptroller except as provided in  such rules, which shall set forth the  circumstances  under  which  such  approval  shall  not  be  required. The state comptroller shall annually  deliver to the senate finance committee and the assembly ways and  means  committee  a  report  listing  all  such sales conducted in the previous  year, including the name of the issuer and the amount of the  issue  for  each  such  sale.    Such  rules shall be reviewed at least annually and  updated as may be necessary.    * NB Repealed July 15, 2012