§ 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.
§ 4-31-503. Part Definitions
As used in this part, unless the context otherwise requires: “Equipment” means fire engines, ladders, hooks, hoses and all other equipment necessary for the containing and extinguishing of fires; and “Loan agreement” means a contractual arrangement by and between a county and the authority pursuant to and in accordance with this part.
§ 4-31-504. Loans for the Purchase of Equipment for the Use of County or Volunteer Fire Departments by Counties Receiving State-Shared Taxes — Schedule of Payments
For the purpose of providing moneys to fund loans authorized by this part, the authority, in addition to the powers otherwise created by law, has the power and is hereby authorized to issue from time to time negotiable bonds and notes of the authority in an amount not to exceed ten million dollars ($10,000,000) in […]
§ 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.
§ 4-31-411. Failure to Make Payments — Withholding of Shared Revenues Authorized
In the event any local government unit having entered into a loan agreement fails 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 local government unit. In the […]