45-41A-40.09
Section 45-41A-40.09 Bonds of the authority. (a) Source of payment. All bonds issued by the
authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. (1) The principal of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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5-18-16
Section 5-18-16 Duties of licensees as to making and payment of loans. (a) Copy of contract
or statement; receipts; payment in advance; release of obligation and security. - Every licensee
shall: (1) At the time a loan is made deliver to the borrower or, if there are two or more
borrowers, to one of them a copy of the loan contract, executed by the borrower, in the English
language showing in clear and distinct terms: a. The name and address of the lender and one
of the primary obligors on the loan. b. The date of the loan contract. c. Schedule of installments
or description thereof. d. The cash advance. e. The face amount of the note evidencing the
loan. f. The amount collected or paid for insurance, if any. g. The amount collected or paid
for filing or other fees allowed by this chapter. h. The collateral or security for the loan.
(2) Give to the person making any cash payment on account of any loan a receipt at the time
the payment is made which receipt need only show the total...
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11-20-6
Section 11-20-6 Bonds - Security for payment of principal and interest; remedies upon default.
The principal of and interest on any bonds issued under the authority of this article shall
be secured by a pledge of the revenues out of which such bonds shall be made payable, may
be secured by a mortgage covering all or any part of the project from which the revenues so
pledged may be derived and may be secured by a pledge of the lease of such project. The proceedings
under which such bonds are authorized to be issued or any such mortgage may contain any agreements
and provisions customarily contained in instruments securing bonds, including, without limiting
the generality of the foregoing, provisions respecting the fixing and collection of rents
for any project covered by such proceedings or mortgage, the terms to be incorporated in the
lease of such project, the maintenance and insurance of such project, the creation and maintenance
of special funds from the revenues from such project...
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11-50-521
Section 11-50-521 Authority to incorporate. Any number of natural persons, not less than three
and each of whom shall meet the requirements provided in this chapter, may organize a corporation
not for pecuniary profit by proceeding according to the provisions of this chapter. Such corporation
shall be organized for the benefit of the municipalities located within the confines of the
power district and for the purpose of promoting and encouraging the fullest possible use of
electric energy within the power district by making such electric energy available to the
public within the power district at the lowest cost consistent with sound economy and prudent
management of the business of the corporation. Each such person shall be an elector and property
owner in one of the municipalities located within the territory proposed to be included in
the power district upon organization of the corporation, and no two shall be from the same
municipality. All or parts of not less than three counties...
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11-54-25
Section 11-54-25 Bonds - Security for payment of principal and interest; remedies upon default.
The principal of and interest on any bonds issued under the authority of this article shall
be secured by a pledge of the revenues out of which such bonds shall be made payable, may
be secured by a mortgage covering all or any part of the project from which the revenues so
pledged may be derived and may be secured by a pledge of the lease of such project. The proceedings
under which such bonds are authorized to be issued or any such mortgage may contain any agreements
and provisions customarily contained in instruments securing bonds, including, without limiting
the generality of the foregoing, provisions respecting the fixing and collection of rents
for any project covered by such proceedings or mortgage, the terms to be incorporated in the
lease of such project, the maintenance and insurance of such project, the creation and maintenance
of special funds from the revenues from such project...
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11-54-30
Section 11-54-30 Municipalities not to contribute to costs of acquisition of projects or use
municipal lands for projects. No municipality shall have the power to pay out of its general
funds or otherwise contribute any part of the costs of acquiring a project and shall not have
the power to use land already owned by the municipality or in which the municipality has an
equity for construction thereon of a project or any part thereof. The entire cost of acquiring
any project must be paid out of the proceeds from the sale of bonds issued under the authority
of this article; provided, however, that this provision shall not be construed to prevent
a municipality from accepting donations of property to be used as a part of any project or
money to be used for defraying any part of the cost of any project. (Acts 1951, No. 756, p.
1307, §9.)...
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11-54-60
Section 11-54-60 Municipalities not to contribute to costs of acquisition of projects or use
municipal lands for projects. No municipality shall have the power to pay out of its general
funds or otherwise contribute any part of the costs of acquiring a project and shall not have
the power to use land already owned by the municipality or in which the municipality has an
equity for construction thereon of a project or any part thereof. The entire cost of acquiring
any project must be paid out of the proceeds from the sale of bonds issued under the authority
of this article; provided, however, that this provision shall not be construed to prevent
a municipality from accepting donations of property to be used as a part of any project or
money to be used for defraying any part of the cost of any project or from requiring any lessee
of a project to pay the cost of completing such project in the event the proceeds from the
sale of the bonds are insufficient therefor. (Acts 1973, No. 812, p....
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14-2-26
Section 14-2-26 Kilby property - Sale or lease by authority. (a) The authority shall have the
power to sell, convey and lease all or any part of the Kilby property and, as an aid to such
sale or lease, to cause to be prepared by competent real estate experts a land use map and
plan. No such sale or lease shall be made, however, except at public offering, on sealed bids
or at auction, and upon such published notice as the authority shall determine to be necessary
or desirable in order to attract the greatest interest from prospective bidders. Notice of
any public sale or lease shall, in any event, be given by publication in at least three newspapers
of general circulation published in the state at least three times, the first notice to be
published not less than 60 days before the date of such public offering, the second notice
to be published not less than 30 days nor more than 40 days before such public offering and
the third notice to be published not less than 10 days nor more than...
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37-4-65
Section 37-4-65 Certain systems or projects exempted. Nothing in this division shall be deemed
to require the purchase of or payment of compensation for any existing plant or distribution
system within the corporate limits of any agency in which the construction of any electric
distribution system has been already authorized by an election held prior to September 12,
1939, nor shall this division apply with respect to any project for which loans or grants
have been made or were under contract to be made by the United States through the Federal
Emergency Administrator of Public Works, the Federal Works Administrator, the Commissioner
of Public Works, the Federal Works Agency, or the Public Works Administration, prior to September
12, 1939, nor shall this division apply to rural electric membership corporation distribution
systems. (Acts 1939, No. 244, p. 405; Acts 1939, No. 414, p. 554; Code 1940, T. 48, §347.)...

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4-3-49
Section 4-3-49 Assistance and cooperation by counties, municipalities, etc. For the purpose
of aiding and cooperating with the authority in the planning, development, undertaking, construction,
extension, improvement or operation of airports, heliports and air navigation facilities and
other facilities, any county, municipality or other political subdivision, public corporation,
agency or instrumentality of this state may, upon such terms and conditions, with or without
consideration, as it may determine: (1) Lend or donate money to the authority; (2) Provide
that all or a portion of the taxes or funds available or to become available to it or required
by law to be used by it for airport purposes shall be transferred or paid directly to the
authority as such funds become available to it; (3) Cause water, sewer, electric, gas or drainage
facilities or any other facilities which it is empowered to provide to be furnished adjacent
to or in connection with such airports, heliports or air...
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