16-13-303
Section 16-13-303 Notes not general obligations; source of payment. (a) Warrants issued
under this article shall not be general obligations of the board issuing such warrants but
shall be payable solely from the designated revenues or tax proceeds of the board which may
be lawfully applied to the payment of indebtedness of such board, including funds derived
from any one or more of the following sources: (1) The proceeds of any ad valorem tax or taxes
levied for the purpose of paying such warrants, or for educational or public school purposes,
and paid, apportioned, allocated, or distributed to or for the benefit of the board. (2) The
proceeds of any privilege, license, or excise tax or taxes that may be paid, apportioned,
allocated, or distributed to or for the benefit of the board. (3) Any revenues of whatsoever
kind or nature (including, without limitation, payments pursuant to agreements delivered pursuant
to this article and payments in lieu of taxes) that may be paid,...
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11-22-10
Section 11-22-10 Bond issues - Securing of principal and interest; mortgages and deeds
of trust; default. The principal of and interest on any bonds issued by the corporation shall
be secured by a pledge of the revenues and receipts out of which the same shall be made payable
and may be secured by mortgage or deed of trust covering all or any part of the projects from
which the revenues or receipts so pledged may be derived, including any enlargements of and
additions to any such projects thereafter made. The resolution under which the bonds are authorized
to be issued and any such mortgage or deed of trust may contain any agreements and provisions
respecting the maintenance of the projects covered thereby, the fixing and collection of fees,
rates, tolls and charges for the services, facilities and accommodations furnished by the
corporation and of the rents for any portion thereof leased by the corporation to others,
the creation and maintenance of special funds from such revenues and...
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11-60-11
Section 11-60-11 Bonds - Security for payment of principal or interest; remedies upon
default. The principal of and interest on any bonds issued by the corporation shall be secured
by a pledge of the revenues and receipts out of which the same shall be made payable and may
be secured by mortgage or deed of trust covering all or any part of the projects from which
the revenues or receipts so pledged may be derived, including any enlargements of and additions
to any such projects thereafter made. The resolution under which the bonds are authorized
to be issued and any such mortgage or deed of trust may contain any agreements and provisions
respecting the maintenance of the projects covered thereby, the fixing and collection of fees,
rates, tolls and charges for the services, facilities and accommodations furnished by the
corporation and of the rents for any portions thereof leased by the corporation to others,
the creation and maintenance of special funds from such revenues and the...
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11-89A-10
Section 11-89A-10 Security for payment of bonds; contracts and agreements to secure.
(a) Any bonds issued by the authority shall be revenue bonds and shall be payable solely out
of such revenues of the authority as may be designated in the proceedings of the board under
which they shall be authorized to be issued. Any such proceedings may provide that the bonds
therein authorized shall be payable solely out of the revenues derived from the operation
of any facility or facilities owned by the authority, regardless of the fact that those bonds
may have been issued with respect to or for the benefit of a certain facility or facilities
of the authority. (b) As security for payment of the principal and interest on any bonds issued
or assumed by it, any authority may enter into a contract or contracts, and adopt resolutions
or other proceedings containing provisions constituting a part of the contract or contracts
with the holders of such bonds, pertaining to, among other things, the...
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11-20-39
Section 11-20-39 Bonds - Security for payment of principal and interest; remedies upon
default. The principal of and interest on any bonds issued by the corporation shall be secured
by a pledge of the revenues and receipts out of which the same shall be made payable and may
be secured by a mortgage covering all or any part of the projects from which the revenues
or receipts so pledged may be derived, including any enlargements of and additions to any
such projects thereafter made. The resolution under which the bonds are authorized to be issued
and any such mortgage may contain any agreements and provisions respecting the maintenance
of the projects covered thereby, the fixing and collection of fees, rates, tolls and charges
for the services, facilities and accommodations furnished by the corporation and of the rents
for any portions thereof leased by the corporation to others, the creation and maintenance
of special funds from such revenues and the rights and remedies available in the...
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11-47-224
Section 11-47-224 Bonds of an authority - Payment out of revenues; security for payment;
mortgages, security interests, or assignments as security for payment. (a) Any bonds issued
by an authority shall be revenue bonds and shall be payable solely out of the revenues of
the authority as may be designated in the proceedings of the board under which the bonds are
authorized to be issued. (b) As security for payment of the principal of and interest on any
bonds issued or assumed by it, an authority may enter into a contract or contracts, and adopt
resolutions or other proceedings containing provisions constituting a part of the contract
or contracts with the holders of the bonds, pertaining to, among other things, the following:
(1) Pledging all or any part of the revenues of the authority to secure the payment of the
bonds. (2) Pledging, assigning, or mortgaging all or any part of the assets of the authority
to secure the payment of the bonds. (3) The creation of reserve, sinking, or...
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16-18A-5
Section 16-18A-5 Revenue bonds - Issuance; negotiable, forms, terms, etc.; refunding
bonds; security. The authority shall have power and is hereby authorized from time to time
to provide by resolution for the issuance of negotiable revenue bonds for the purpose of paying
all or any part of the cost as herein defined of any of its projects. Such bonds may also
be issued to pay off, refund or refinance any outstanding bonds or other obligation of any
nature owed by the authority, whether or not such revenue bonds or other obligations shall
then be subject to redemption, and the authority may provide for such arrangements as it may
determine for the payment and security of the revenue bonds being issued or for the payment
and security of the revenue bonds or other obligations to be paid off, refunded or refinanced.
The principal, premium, if any, and interest of such revenue bonds shall be payable solely
from the revenues, receipts and earnings to be received by the authority in...
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11-15-9
Section 11-15-9 Warrants - Authority for issuance; form, terms, denominations, redemption,
etc.; sale. The corporation is authorized to issue its interest-bearing revenue warrants for
the purpose of acquiring, constructing, improving, enlarging, completing and equipping one
or more projects. All warrants issued by the corporation shall be limited obligations of the
corporation, the principal of and interest on which shall be payable solely out of the revenues
derived from the projects with respect to which they are issued. None of the warrants of the
corporation shall ever constitute an obligation or debt of the state or of the county or a
charge against the credit or taxing powers of the state or the county. Warrants of the corporation
may be issued at any time and from time to time, may be in such form and denominations, may
be of such tenor, may be payable in such installments and at such time or times not exceeding
30 years from their date, may be payable at such place or places...
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11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution;
bond resolution covenants. (a) The authority shall, prior to the adoption by the board of
a resolution authorizing the issuance of any bonds, enter into one or more contracts with
two or more municipalities which are authorized to contract with the authority pursuant to
Section 11-50A-17. Any resolution of the board authorizing the issuance of bonds may
authorize those bonds to be issued in more than one series, and the issuance of each series
of bonds so authorized by that resolution need not be preceded by the entering into by the
authority of additional contracts pursuant to Section 11-50A-17. (b) The board may
by resolution or resolutions authorize the issuance of bonds. Unless otherwise provided therein,
the resolution or resolutions shall take effect immediately and need not be published or posted.
The board may authorize such types of bonds as it may determine, subject only to any agreement
with...
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24-1-31
Section 24-1-31 Issuance of bonds by authority; types of and security for bonds generally;
liability on bonds. An authority shall have power to issue bonds, from time to time, in its
discretion, for any of its corporate purposes. An authority shall also have power to issue
or exchange refunding bonds for the purpose of paying, retiring, extending or renewing bonds
previously issued by it. An authority may issue such types of bonds as it may determine, including,
without limiting the generality of the foregoing, bonds on which the principal and interest
are payable from income and revenues of the authority and from grants or contributions from
the federal government or some other source. Such income and revenues securing the bonds may
be: (1) Exclusively the income and revenues of the housing project financed in whole or in
part with the proceeds of such bonds; (2) Exclusively the income and revenues of certain designated
housing projects, whether or not they are financed in whole or in...
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