(a) As used in this section:(1) “Issue”, “issuance”, or some variety thereof means the date upon which a second-lien bond is actually sold; and(2) “Second-lien bond” means a commercial bond issued under the authority set forth in § 26-80-106.
(1) “Issue”, “issuance”, or some variety thereof means the date upon which a second-lien bond is actually sold; and
(2) “Second-lien bond” means a commercial bond issued under the authority set forth in § 26-80-106.
(b) All second-lien bonds issued by school districts shall have semiannual interest payments.