11-81-144
Section 11-81-144 Form, terms, denominations, etc., of bonds; maturity and sale; execution
and delivery; issuance of revenue refunding bonds. (a) Revenue anticipation bonds may be issued
under this division in one or more series, may bear such date or dates, may be payable in
such medium of payment, at such place or places, may carry such registration privileges, may
be executed in such manner, may contain such terms, covenants and conditions, and may be in
such form, either coupon or registered, as may be specified in the resolution or resolutions
providing for their issuance. (b) Such bonds shall mature in the manner provided for the maturity
of revenue bonds in Section 11-81-6 and shall be sold as provided in Sections 11-81-10 through
11-81-12; provided, that if the proceedings authorizing the issuance of any revenue anticipation
bonds under this division shall recite that the undertaking with respect to which such bonds
are to be issued is then leased by the municipality or county...
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11-94-15
Section 11-94-15 Liability of authorizing subdivisions upon bonds, obligations and agreements
of authority; other actions by authorizing subdivisions to attain objectives of chapter. (a)
Neither of the authorizing subdivisions of an authority shall in any event be liable for the
payment of the principal of, interest and premium, if any, on any bonds of an authority or
for the performance of any pledge, assignment, indenture, obligation or agreement of any kind
whatsoever which may be undertaken by an authority and none of the bonds of an authority or
any of its agreements or obligations shall be construed to constitute an indebtedness of any
authorizing subdivision within the meaning of any constitutional or statutory provision whatsoever.
(b) For the purpose of attaining the objectives of this chapter, either of the authorizing
subdivisions, any other county or municipality of the state, and any other political subdivision,
public corporation, agency or instrumentality of the state or...
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11-57-15
Section 11-57-15 Bonds - Security for payment of principal and interest. The principal of and
the interest on the bonds shall be secured by a pledge of the revenues out of which the bonds
shall be made payable by an assignment or pledge of the lease agreement covering the project
from which revenues so pledged shall be derived and by a pledge of the rental from such project
and may be secured by a nonforeclosable indenture covering the project. The trustee under
any indenture may be a trust company or bank having trust powers, whether located within or
without the state. The indenture may contain any agreements and provisions customarily contained
in instruments securing evidences of indebtedness, including, without limiting the generality
of the foregoing, provisions respecting the collection, segregation and application of the
rental from any project covered by such indenture, the terms to be incorporated in the lease
agreement respecting the project, the maintenance and insurance of...
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45-41A-10.09
Section 45-41A-10.09 Boards of the authority. (a) 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)(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 insurance of the property covered by the mortgage and deed of trust...
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11-54-53
Section 11-54-53 Requirements as to leasing of projects. (a) Prior to the leasing of any project,
the governing body must determine and find the following: (1) The amount necessary in each
year to pay the principal of and the interest on the bonds proposed to be issued to finance
such project; (2) The amount necessary to be paid each year into any reserve funds which the
governing body may deem it advisable to establish in connection with the retirement of the
proposed bonds and the maintenance of the project; and (3) The estimated cost of maintaining
the project in good repair and keeping it properly insured, unless the terms under which the
project is to be leased provide that the lessee shall maintain the project and carry all proper
insurance with respect thereto. (b) The determinations and findings of the governing body
required to be made by subsection (a) of this section shall be set forth in the proceedings
under which the proposed bonds are to be issued and, prior to the...
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11-54-145
Section 11-54-145 Requirements respecting leases. Prior to the leasing of any project, the
governing body must determine and find the following: The amount necessary in each year to
pay the principal of and the interest on the bonds proposed to be issued to finance such project;
the amount necessary to be paid each year into any reserve funds which the governing body
may deem it advisable to establish in connection with the retirement of the proposed bonds
and the maintenance of the project; and, unless the terms under which the project is to be
leased provide that the lessee shall maintain the project and carry all proper insurance with
respect thereto, the estimated cost of maintaining the project in good repair and keeping
it properly insured. The determinations and findings of the governing body required to be
made in the preceding sentence shall be set forth in the proceedings under which the proposed
bonds are to be issued; and prior to the issuance of such bonds, the...
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11-54-23
Section 11-54-23 Requirements as to leasing of projects. (a) Prior to the leasing of any project,
the governing body must determine and find the following: (1) The amount necessary in each
year to pay the principal of and the interest on the bonds proposed to be issued to finance
such project; (2) The amount necessary to be paid each year into any reserve funds which the
governing body may deem it advisable to establish in connection with the retirement of the
proposed bonds and the maintenance of the project; and, (3) The estimated cost of maintaining
the project in good repair and keeping it properly insured, unless the terms under which the
project is leased provide that the lessee shall maintain the project and carry all proper
insurance with respect thereto. (b) The determinations and findings of the governing body
required to be made by subsection (a) of this section shall be set forth in the proceedings
under which the proposed bonds are to be issued; and, prior to the issuance...
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11-55-10
Section 11-55-10 Requirements as to leases of projects. (a) Prior to the leasing of any project,
the governing body must determine and find the following: (1) The amount necessary in each
year to pay the principal of and the interest on the bonds proposed to be issued to finance
such project; (2) The amount necessary to be paid each year into any reserve funds which the
governing body may deem it advisable to establish in connection with the retirement of the
proposed bonds and the maintenance of the project; and (3) The estimated cost of maintaining
the project in good repair and keeping it properly insured, unless the terms under which the
project is to be leased provide that the lessee shall maintain the project and carry all proper
insurance with respect thereto. (b) The determinations and findings of the governing body
required to be made by subsection (a) of this section shall be set forth in the proceedings
under which the proposed bonds are to be issued; and, prior to the...
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11-56-9
Section 11-56-9 Leasing of projects. (a) The corporation and any local subdivision are hereby
respectively authorized to enter into with each other one or more lease agreements whereunder
a project or any part thereof shall be leased by the corporation to such local subdivision
for a term not longer than the then current fiscal year of such local subdivision, but any
such lease agreement may contain a grant to such local subdivision of successive options of
renewing the said lease agreement on the terms specified therein for any subsequent fiscal
year or years of such local subdivision. The said lease agreement may contain appropriate
provisions as to the method by which such local subdivision may, at its election, exercise
such of the said options of renewal as its governing body may elect on the terms provided
therein and such other covenants and provisions as shall not be inconsistent with this chapter
and as the corporation and such local subdivision may agree. The rental for each...
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11-81-15
Section 11-81-15 Levy, collection and disposition of special tax for payment of principal and
interest on bonds and sinking fund payments. In every county and municipality the officers
charged by law with the duty of levying taxes shall annually, without further authority, levy
a tax, insofar as such a tax is or may be permitted by the present or any future provisions
of the Constitution, sufficient to pay: (1) Bond interest falling due in that year of all
bonds issued after March 15, 1933; (2) The principal of all serial bonds issued after March
15, 1933 falling due during the current fiscal year; (3) The sinking fund appropriation for
the current fiscal year, if any, required by any agreement heretofore made or by any proceedings
heretofore taken to establish a sinking fund for the payment of bonds now outstanding, or
required by any agreement which may be made or proceedings taken after February 15, 1933,
to establish a sinking fund for the payment of funding or refunding bonds...
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