Q Does Section 31-19-25 require a community college publish bids for the interest rate on a long-term note issued in accordance with Section 37-29-103?

A Long-term borrowing procedures for community colleges are described in Section 37-29-103. The procedure for the sale of the bonds is set forth in Section 31-19-25. When issuing long-term debt under Section 37-29-103, the community college is required to follow the procedures for the sale of indebtedness or bonds found in Section 31-19-25. The sale of the indebtedness on sealed bids or at public auction must be advertised in accordance with the guidelines found in Section 31-19-25. (Attorney General’s Opinion to Bryan, November 9, 2017)