(1972)

WALTER F. WEBBER, Secretary, State Bond Board

You have requested my opinion as to whether the amendment of sec. 18.09 (5), Stats. 1969, by sec. 44 of ch. 125, Laws of 1971, affects bond issues outstanding prior to the effective date of ch. 125, Laws of 1971, to wit, November 5, 1971.

Section 18.09 (5), Stats., 1969, reads in part as follows:

"There shall be transferred to each sinking fund a sum sufficient for the payment of the principal, interest and premium due, if any, on the bonds giving rise to it as the same falls due. Such transfers shall be so timed that there is at all times on hand in…