§ 7-90-113. Exemption From Taxation
The authority is hereby declared to be performing a public function in behalf of the municipality with respect to which it is organized and to be a public instrumentality of such municipality. Accordingly, the authority and all properties at any time owned by it and the income from the properties and all bonds issued by […]
§ 7-90-114. Nonliability of Municipality — Pledge by Municipality of Full Faith and Credit and Unlimited Taxing Power
Except to the extent of any revenues that may be specifically allocated, transferred, contributed or pledged by a municipality in accordance with this chapter and except as provided in subsection (b), no municipality shall in any event be liable for the payment of the principal of or interest on any bonds of the authority or […]
§ 7-90-115. Powers of Municipalities to Aid or Assist Authorities
Any municipality is authorized to aid or otherwise provide assistance to an authority created pursuant to this chapter by such municipality, including entering into leases of projects, or parts of projects with an authority, for such term or terms and upon such conditions as may be determined by the governing body of such municipality, notwithstanding […]
§ 7-90-116. Execution of Leases, Contracts, Deeds, Instruments in Writing
Except as otherwise provided in this chapter, all leases, contracts, deeds of conveyance, or instruments in writing executed by the authority, shall be executed in the name of the authority by the chair or secretary of the authority, or by such other officers as the board of directors, by resolution, may direct, and the seal […]
§ 7-90-107. Amendments to Charter
The charter may, at any time and from time to time, be amended in a manner not inconsistent with § 7-90-105. Any such amendment shall be adopted in the manner set out in subsection (b). The board of directors of the authority shall file with the governing body of the municipality with which the application […]
§ 7-90-108. Board of Directors
The authority shall have a board of directors in which all corporate powers of the authority shall be vested. The board shall consist of no fewer than seven (7) directors, all of whom shall be duly qualified voters of the municipality. A director shall serve without compensation, except that the authority may reimburse a director […]
§ 7-90-109. Organization — Powers of the Authority
Each medical school authority created pursuant to this chapter shall be a public nonprofit corporation and a public instrumentality of the municipality with respect to which the authority is organized. The authority shall have the following powers, together with all powers incidental to the following powers or necessary for the performance of those powers, to: […]
§ 7-90-110. Audit
The board of directors of each authority shall cause an annual audit to be made of the books and records of its authority. The comptroller of the treasury, through the department of audit shall be responsible for determining that such audits are prepared in accordance with generally accepted governmental auditing standards and that such audits […]
§ 7-90-101. Short Title
This chapter shall be known and may be cited as the “Medical School Authorities Act of 2010.”
§ 7-90-102. Legislative Findings — Purpose — Construction
It is hereby found and determined that: There is and is expected to be in the future a shortage of physicians and nurses, particularly primary care physicians in the state, and the existing schools in the state are not presently able to graduate sufficient numbers to avoid this shortage; The creation of additional medical education […]