8 CCR 1508-2-1.5 - Legal and Regulatory Requirements

The State Treasurer and the Office of the Attorney General shall coordinate their activities to ensure that the Attorney General has all the documents and information available to deliver an opinion on behalf of the State that a Financial Obligation issued or incurred by the State complies with applicable state laws. All Financial Obligations issued or incurred shall comply with the applicable covenants in the documents governing the issuance or incurrence of the Financial Obligation.

Unless otherwise authorized in statute, all Financial Obligations are binding contracts of the State that are not valid until signed by the State Controller or his or her designee. All relevant documents to be executed and delivered by the State in respect of Financial Obligations shall be provided to the State Controller for review as they are prepared or identified in connection with the issuance or incurrence of any Financial Obligation.

Notes

8 CCR 1508-2-1.5

. Rules 1.11 emer. rule eff. 06/14/2013. . Rules 1.12 emer. rule eff. 06/14/2013. . Rules 1.4 emer. rule eff. 06/14/2013. Rule 1.11 eff. 09/14/2013. Rule 1.12 eff. 09/14/2013. Rules 1.4 eff. 09/14/2013.