§ 4-31-1205. Recommendation of Projects — Loans — Qualified Borrowers — Reimbursement of Costs — Loan Fees
The commissioner of transportation shall review a proposed project and shall determine if it is an eligible project and, if so, whether or not to recommend the project to the authority. Preference may be given to eligible projects that have financial support in addition to any loan that may be received from the fund. Upon […]
§ 4-31-1206. Part Supplemental to Other Law — Debt Limit Not Applicable — Adequate Security — Pledge Valid and Binding — Misuse of Loan
This part is in addition and supplemental to any other law providing for the financing of eligible projects of qualified borrowers and shall not be deemed to amend or repeal any other law. Qualified borrowers may enter into financing agreements under this part, notwithstanding and without regard to any limit on indebtedness provided by law. […]
§ 4-31-1207. Default on Amounts Due
If a qualified borrower fails to collect and remit in full all amounts due to the authority on the date the amounts are due under the terms of any note or other obligation of the qualified borrower, or if the qualified borrower fails to repay funds or pay damages in the event of misuse of […]
§ 4-31-1208. Annual Report — Audit
Following the close of each state fiscal year, the authority shall submit an annual report of its activities for the preceding year to the governor, the speaker of the senate and the speaker of the house of representatives and make the report available to the general assembly. The authority also shall submit an annual report […]
§ 4-31-1209. Policies and Procedures
The authority, in consultation with the department of transportation, is authorized to adopt policies and procedures to effectuate the purposes of this part.
§ 4-32-101. Creation
There is established a “governor’s office of faith-based and community initiatives,” referred to as the “office” in this chapter.
§ 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 […]
§ 4-31-1006. Levy and Collection of Tax to Pay for Loan
Whenever, and as often as, a local government unit enters into a loan agreement with the authority under this part, the governing body of such local government unit shall provide by resolution for the levy and collection of a tax upon all taxable property within the local government unit sufficient to pay when due all […]