§510. Notice of default

            Any governmental entity that has issued bonds under this Part shall notify the State Bond Commission in writing when:

            (1) Any required deposit to any debt service sinking fund in connection with such bonds has not been made within five business days of when due.

            (2) The principal, interest, premium, or any other payment due on such bonds has not been made within five business days of when due.

            Acts 2018, No. 569, §1, eff. July 1, 2018.