§ 9-21-131. Agreements Concerning Rights and Remedies of Parties — Jurisdiction — Applicable Law
When entering into any contracts or agreements authorized under this chapter, including contracts or agreements providing for liquidity and credit enhancement and reimbursement agreements relating thereto, interest rate swap or exchange agreements, agreements establishing interest rate floors or ceilings or both, other interest rate hedging agreements, evidencing a transaction bearing a reasonable relationship to this […]
§ 9-21-132. Sale of Bonds at Private Sale by Local Government
A local government shall have discretion until June 30, 2014, to sell bonds at private sale upon terms and conditions that it determines and upon approval by the governing body of the local government. Subsection (a) shall apply to counties having a population greater than three hundred seven thousand (307,000), according to the 2000 federal […]
§ 9-21-133. Approval of Comptroller of Treasury Required Prior to Issuance of Balloon Indebtedness — Evaluation of Plan
As used in this section: “Balloon indebtedness”: Means any indebtedness that: Has a final term to maturity totaling thirty-one (31) or more years from the original date of issuance of the indebtedness to the date the indebtedness is fully amortized, including any subsequent refinancing thereof; Delays principal repayment for more than three (3) years after […]
§ 9-21-134. Public Entities — Information Concerning Debt Obligation Issuances
In addition to the definitions applicable generally to this chapter, the following definitions shall be applicable to this section only: “Advisor” means a financial advisor, swap advisor, or program administrator, with respect to a finance transaction, whether or not such title is used; “Costs” related to a finance transaction may include, but are not limited […]
§ 9-21-201. Authorization for the Issuance of General Obligation Bonds
Any local government is authorized to issue general obligation bonds under this part and part 1 of this chapter for a public works project. “General obligation bonds” mean those bonds in which the local government incurs a definite and absolute obligation by pledging the full faith, credit and unlimited taxing power of the local government […]
§ 9-21-202. Sale of General Obligation Bonds at Below Par Value
All general obligation bonds issued by any local government under the authority of this part and part 1 of this chapter shall be sold for not less than ninety-eight percent (98%) of par value and accrued interest as the governing body of the local government may direct. Nothing in this chapter shall be construed to […]
§ 9-21-121. Impairment of Contract
Nothing in this chapter shall be deemed in any way to alter the terms of any agreements made with the holders of any outstanding bonds or notes of the local government or to authorize the local government to alter the terms of any such agreements, or to impair, or to authorize the local government to […]
§ 9-21-122. Authorization to Cancel Bonds, Notes and Coupons
Whenever any bonds, notes, or interest coupons shall be paid and discharged, they shall be cancelled by stamping and punching, immediately upon their redemption. The cancelled bonds, notes, and coupons shall be retained and be available for examination in annual audits subject to § 9-21-123.
§ 9-21-123. Authorization to Destroy Bonds, Notes and Coupons
Subject to subsection (b), any local government may, by resolution duly adopted by its governing body, authorize and direct the paying agent for its bonds, notes and coupons, or other person in possession of its bonds, notes and coupons, to destroy all bonds, notes and coupons duly paid and cancelled. Such bonds, notes and coupons […]
§ 9-21-124. Supplementary Nature — Transitional Provisions — Interest Rate Agreements
The powers conferred by this chapter shall be in addition and supplemental to the powers conferred by any other law and not in substitution for the powers conferred by any other law; however, to the extent this law conflicts with any other law or is inconsistent with any other law, this chapter shall prevail with […]