Power and duty of Governor and State Treasurer upon receipt of bond resolution

Section effective July 1, 2027. See, also, section 57-5-1460 effective until July 1, 2027. If following presentation of a certified copy of the bond resolution it appears to the satisfaction of the Governor and the State Treasurer that the estimated collection from the choice lane facility revenues in applicable future fiscal years are not less than that required for annual debt service requirements for the requested bonds, then the Governor and State Treasurer may effect the delivery of bonds in accordance with the bond resolution.