Public Finance Management Board Rules and Regulations

Regulation Authority:

42-10.1-1

Purpose and Reason:

1.2(A)5: During codification, the content of line 5 was accidentally a duplicate of line 4. The proposed rules during promulgation contained the correct content of line 5. It should read: 5. To maintain contact with state, municipal and regional authority, agency, board, commission, public or quasi-public corporation, fire district and other special district bond issuers, underwriters, credit rating agencies, investors, and others to improve the market for state and local government debt issues. 1.8(D)(8)(f): Reference in this line states “Except as provided in (v)…” During codification, the letter changed from (v) to (e). it should read: f. Except as provided in (e), above, upon request by any bond issuer, or upon its own initiative, the Board may at any time, after hearing, modify, amend or repeal any allocation. 1.15(B): There are two grammatical errors which do not affect the meaning of the section. The section reads: B. Whether the petition requests the enactment of a rule, the proposed rule must be set out in full. The petition must also include all the reasons for the proposed rule together with briefs of any applicable law. Where no petition requests the amendment or repeal of a rule presently in effect, the rule or portion of the rule in question must be set out as well as suggested amended form, if any. The petition must include all reasons for the requested amendment or repeal of the rule. It should read: B. When the petition requests the enactment of a rule, the proposed rule must be set out in full. The petition must also include all the reasons for the proposed rule together with briefs of any applicable law. Where a petition requests the amendment or repeal of a rule presently in effect, the rule or portion of the rule in question must be set out as well as the suggested amended form, if any. The petition must include all reasons for the requested amendment or repeal of the rule. 1.16: While we understand that this section need not include the portion starting with Notice Given: and ending with Effective Date, the Effective date is incorrect. It reads: Effective Date: October 26, 2017. It should read: Effective Date: October 26, 2016