7-7-103. Review by attorney general -- report -- review of citizen bonds. (1) The attorney general shall examine certified copies of all proceedings preliminary to the issuance of general obligation bonds by any county, city, or town that are submitted for examination, and if the proceedings are found to be regular and valid, the attorney general shall deliver to the recording officer of the local government a report of the examination and determination.
     (2) A certified copy of the report must be filed with the officer required by law to register the bonds, and a notation of the filing must be entered in the bond register.
     (3) Within 10 days of receipt of the notice provided for in 7-7-2213 and 7-7-4212, the attorney general may impose any requirements considered necessary to adequately protect both the issuing city or town and the purchasers of the bonds.

     History: En. Sec. 2, Ch. 139, L. 1939; R.C.M. 1947, 82-411(part); amd. Sec. 3, Ch. 248, L. 1979; amd. Sec. 5, Ch. 511, L. 1989; amd. Sec. 5, Ch. 559, L. 1993.