§ 64-10-221. Authority Deemed a Local Government Unit
For the purposes of this part and title 4, chapter 31, the authority shall be deemed to be a local government unit and shall be eligible for the same grants, loans, and other assistance, and subject to the same obligations and requirements imposed by law related to such grants, loans, and assistance as any other […]
§ 64-10-222. Construction of Part
This part is remedial in nature and shall be liberally construed to effect its purpose and the powers granted in this part may be exercised without regard to requirements, restrictions or procedural provisions contained in any other law or charter except as expressly provided in this part.
§ 64-10-213. Annual Audit
The board of directors of the authority shall cause an annual audit to be made of the books and records of the authority, including, but not limited to, the function of the pilot program established to support existing small business incubators in the region and to establish new small business incubators in accordance with § […]
§ 64-10-215. County Membership
Any county in the eastern grand division not a member of the authority may become a member by: Notifying the board of its desire to become a member; Adopting a resolution by a two-thirds (2/3) vote of the county legislative body; and Contributing funds in an amount to be determined by the board, which shall […]
§ 64-10-216. Annual Reports
The board of directors of the authority shall report annually to the governing bodies of the various counties of the area. Such reports shall include a summary of all activities and accomplishments for the period, a copy of the annual audit prepared in accordance with § 64-10-213, and the proposed plans for the next year.
§ 64-10-217. Dissolution of the Corporation — Distribution of Assets
Upon the dissolution of the corporation, after all creditors of the corporation have been paid, its assets shall be distributed to one (1) or more organizations that qualify as exempt organizations under § 501(c)(3) of the Internal Revenue Code of 1986, or corresponding section of any future federal tax code, or shall be distributed to […]
§ 64-10-218. Tax Exemption
The authority, its properties at any time owned by it and the income and revenues derived from such properties shall be exempt from all state, county and municipal taxation. All bonds, notes and other obligations issued by the authority and the income from such bonds, notes, and other obligations shall be exempt from all state, […]
§ 64-10-219. Powers of County, City or Utility Districts
Any county, city or utility district may take all actions under this part by resolution of its governing body. Any county, city or utility district shall have all powers necessary in order to further the purposes of this part. Any county, city or utility district may enter into agreements with the authority for the orderly […]
§ 64-10-220. No Restriction or Limitation on Powers of County, City or Utility District — Powers Cumulative and Supplemental
Nothing contained in this part shall be construed as a restriction or a limitation upon any powers that a county, city or utility district might otherwise have under any laws of this state, but shall be construed as cumulative of and supplemental to any such powers. No proceedings, notice or approval shall be required with […]
§ 64-10-210. Member Counties—powers
The counties that are members of the authority are hereby authorized and empowered to: Appropriate sufficient funds for the use of the authority amounts of money that their respective governing bodies, acting in their sole discretion, shall approve to be paid from the general fund of the respective county. County legislative bodies are empowered to […]