§ 14-362-117. Issuance of revenue bonds — Mortgage lien
(a) The resolution or indenture securing the bonds may impose a forecloseable mortgage lien upon or security interest in the facilities of the authority, or any portion thereof, and the extent of the mortgage lien or security interest may be controlled by the resolution or indenture including, without limitation, provisions pertaining to the release of […]
§ 14-362-102. Definitions
As used in this chapter, unless the context otherwise requires: (1) “Authority” means any authority created under the provisions of this chapter; (2) “Construct” means to acquire or build, in whole or in part, in such manner and by such method, including contracting therefor, and if the latter, by negotiation or bids upon such terms […]
§ 14-362-103. Establishment of authorities
(a) (1) Any two (2) or more municipalities, any two (2) or more contiguous counties, or any one (1) or more municipalities together with any one (1) or more contiguous counties, are authorized to create and establish an authority as prescribed in this chapter for the purpose of acquiring, equipping, constructing, maintaining, and operating regional […]
§ 14-362-104. Authority as public corporation
(a) Each authority when created, and the members thereof, shall constitute a public corporation and, as such, shall have perpetual succession, may contract and be contracted with, sue and be sued, and have and use a common seal. (b) The exercise of the powers and performance of duties provided for in this chapter by each […]
§ 14-362-105. Appointment of board
(a) Subject to such limitations as may be contained in the agreement provided for in § 14-362-103, the management and control of each authority and its property, operations, business, and affairs shall be lodged in a board of not less than six (6) nor more than twenty-four (24) persons who shall be appointed for terms […]
§ 14-362-106. Vacancy on board
(a) If any member of an authority dies, resigns, is removed, or for any other reason ceases to be a member of the authority, the mayor, the county judge, or the Governor, as appropriate to the governmental unit which the member represented, shall appoint another person to fill the unexpired portion of the term of […]
§ 14-362-107. Compensation prohibited — Reimbursement of expenses
(a) No member of the board of an authority shall receive any compensation, whether in form of salary, per diem allowance, or otherwise, for or in connection with his services as a member. (b) Each member shall, however, be entitled to reimbursement by the authority for any necessary expenditures in connection with the performance of […]
§ 14-362-108. Facilities authorized
Each authority is authorized and empowered to acquire, equip, construct, maintain, and operate a regional airport or landing field and appurtenant facilities so located to best serve the region in which they are located. Each authority in which the state is a participant is further authorized and empowered to acquire, equip, construct, maintain, and operate […]
§ 14-361-117. Federal and state aid
(a) Acceptance Authorized, Conditions. (1) Every municipality is authorized to accept, receive, receipt for, disburse, and expend federal and state moneys and other moneys, public or private, made available by grant or loan, or both, to accomplish, in whole or in part, any of the purposes of this chapter. (2) (A) All federal moneys accepted […]
§ 14-362-109. Powers of authority generally
Each authority is given power and authority as follows: (1) To make and adopt all necessary bylaws, rules, and regulations for its organization and operations not inconsistent with law; (2) To elect its own officers, to appoint committees, and to employ and fix the compensation for personnel necessary for its operation; (3) To enter into […]