Section 5-18-3 – Definitions.
As used in the Renewable Energy Financing District Act: A. “county” means any county, including an H class county; B. “debt service” means the principal of, interest on and premium, if any, on the bonds, when due, whether at maturity or prior redemption and fees and costs of agents necessary to handle the bonds and […]
Section 5-18-4 – Renewable energy financing districts authorized.
A. A governing body of a municipality or county may form a district for the purpose of encouraging, accommodating and financing renewable energy improvements on property within the municipality or county. A district shall include only property for which an owner executes an agreement consenting to the inclusion of the property within the district and […]
Section 5-18-5 – Resolution declaring intention to form district.
A. A governing body may adopt a resolution declaring its intention to form a district. The resolution shall state the following: (1) the purposes for which the district is to be formed; (2) that the district shall include only property for which the owner has agreed to the inclusion of the property within the district, […]