§ 4-31-1101. Part Definitions — Eligibility — Purposes — Application and Review Procedure
For the purposes of this part, the following definitions shall apply: “Authority”, “construction”, and “education project” as defined in § 4-31-1003; “Available local capital outlay funds” means, with respect to any LGU or LEA, the state share of the capital outlay portion of the nonclassroom component of the BEP funding as set forth in the […]
§ 4-31-1102. Program Provisions
Any program established by the authority pursuant to this part may include such provisions as may be agreed upon by the parties and shall additionally include, among other things, in substance, the following: The structural requirements of the education debt issued by the LGU, including payment dates, maturity schedule, interest rates, and paying agent; The […]
§ 4-31-1103. Assignment or Pledge of Local Capital Outlay Funds as Security — Procedures
Each LGU issuing education debt, as well as any LEA for which education debt is issued, are authorized to assign or pledge for the further security of the education debt the available local capital outlay funds, whether such debt is issued pursuant to title 9, chapter 21, or title 49, chapter 3, and to assign […]