[§304A-2517]  Fiscal agents.  (a)  The director of finance of the State, when requested by the board of regents, shall render full and complete assistance to the board in the preparation and sale of revenue bonds issued pursuant to this subpart.  The director of finance shall be the fiscal agent of the board for the payment of all principal and interest, and for the transfer, of revenue bonds.  The provisions of sections 36-3 and [39-13], relating to the appointment by the director of finance of other fiscal agents, paying agents, transfer agents, and registrars, and to the status of funds held by these fiscal agents, to the extent that they may appropriately be applied, shall be deemed incorporated in this subpart.

     (b)  The director of finance shall cause to be set up in the treasury of the State suitable accounts for:

     (1)  The deposit of all revenues of university projects or university systems and the payment of all revenue bonds and the interest thereon;

     (2)  All other payments provided or required by this subpart or any resolution or resolutions of the board; and

     (3)  The holding of all reserves created under this subpart or any resolution or resolutions of the board. [L 2006, c 75, pt of §2]