§ 4-31-509. Allocation of Funds — Criteria
In allocating loan funds to counties, the authority shall give consideration to, and apply, the following standards and criteria: The need and desirability for such equipment; and The ability of the county to secure borrowed money from other sources and costs thereof.
§ 4-31-510. Tax Levy to Meet Payments
In the event the funds pledged shall be insufficient to meet the payments as established by the authority, any county shall levy a tax on property sufficient to make such payments, which shall be in addition to all other taxes authorized or limited by law.
§ 4-31-511. Failure to Make Payments — Withholding of State-Shared Revenues Authorized
In the event any county having entered into a loan agreement shall fail to remit funds in accordance with the annual repayment schedule established by the authority, the commissioner, within five (5) days of such failure, shall deliver by certified mail a written notice of such failure to the county. In the event the county […]
§ 4-31-512. Authority to Establish Rural Fire Protection Equipment Fund — Disposition of Funds
The authority is hereby authorized to establish in the state treasury a separate special trust fund of the authority for each separate issue of bonds or notes that is similarly secured, to be known as the “rural fire protection equipment fund,” and to bear such additional designation as the authority deems appropriate to properly identify […]
§ 4-31-513. Enforcing of Agreement by Court Action
The authority has the right, in addition to all other rights, by mandamus or other suit, action or proceeding in any court of competent jurisdiction, to require the county and the governing body and any proper officer, agent or employee of the county to carry out any agreements and to perform its and their duties […]
§ 4-31-514. Debt Limit Not Applicable
Any county may enter into loan agreements under this part notwithstanding and without regard to any limit on indebtedness provided by law.
§ 4-31-505. Administration of Loans
The authority shall administer loans made under this part. In so doing, the authority may adopt rules and regulations necessary for the effective administration of this part, including the promulgation of prerequisites that must be fulfilled by the county in order to be eligible for a loan, procedures to be followed in making loan applications […]
§ 4-31-506. Loan Agreements
Subject to § 4-31-505 and subject to any existing contractual obligations of the county, the authority may enter into loan agreements with any county, and any county may enter into loan agreements with the authority for loans for equipment for the use of county or volunteer fire departments serving the unincorporated area of the county. […]
§ 4-31-507. Further Agreements and Guarantees
The authority has the right to enter into such further agreements with a county and require such further guarantees or securities as it may see fit prior to, or simultaneously with, the issuance of bonds or to refuse to issue bonds until such agreements or securities, in any form that the authority may elect, are […]
§ 4-31-410. Tax Levy to Meet Payments
In the event the funds pledged shall be insufficient to meet the payments as established by the authority for its loan, the local government unit shall levy a tax on property sufficient to make such payments, which shall be in addition to all other taxes authorized or limited by law.