§ 9-21-704. Security for Grant Anticipation Notes
The principal of grant anticipation notes shall not be direct general obligations of the local government, and the local government shall have no authority to levy ad valorem taxes for the payment of the principal of such notes; provided, that interest on grant anticipation notes may be a general obligation of a local government, and […]
§ 9-21-705. Duration — Extension or Renewal
Grant anticipation notes shall be issued for a period not to exceed three (3) years from the date of issuance; provided, that the comptroller of the treasury or the comptroller’s designee may initially approve, or subsequently approve, a maturity date of such notes of not more than seven (7) years from the date of issuance, […]
§ 9-21-801. Authorization, Security, and Retirement of Tax Anticipation Notes
The governing body of a local government may issue interest-bearing tax anticipation notes for the purpose of meeting appropriations made for the current fiscal year in anticipation of the collection of taxes and revenues of that fiscal year in amounts not exceeding sixty percent (60%) of such appropriation; provided, that the sale of the notes […]
§ 9-21-802. Terms of Tax Anticipation Notes
Tax anticipation notes shall be sold at not less than par value and accrued interest. Tax anticipation notes may be sold in one (1) or more series, may bear such date or dates, may bear interest at such rate or rates (which may vary from time to time), may be payable at such time or […]
§ 9-21-803. Method of Sale of Tax Anticipation Notes
Tax anticipation notes may be sold in such manner either at a competitive public sale or at a private negotiated sale as the governing body of the local government may direct.
§ 9-21-901. Authorization to Issue General Obligation Refunding Bonds
Any local government has the power and is authorized to issue, by resolution, general obligation refunding bonds to refund outstanding obligations heretofore or hereafter lawfully issued or assumed by the local government, and to provide for the rights of the holders thereof and to secure such bonds as provided in this part and part 1 […]
§ 9-21-606. Application for Extension or Renewal of Three-Year Capital Outlay Notes and Capital Outlay Notes Issued for the Acquisition of Land — Retirement of Notes
Application to the comptroller of the treasury or the comptroller’s designee for an extension or renewal of the maturity date of capital outlay notes issued under §§ 9-21-604 and 9-21-605 shall be by resolution of the governing body of the local government. No capital outlay notes shall be converted to bonds later than two (2) […]
§ 9-21-607. Method of Sale of Three-Year Capital Outlay Notes and Seven-Year Capital Outlay Notes
Notes authorized to be issued under §§ 9-21-604 and 9-21-605 may be sold in such manner either at a competitive public sale or at a private negotiated sale as the governing body of the local government may direct.
§ 9-21-608. Twelve-Year Capital Outlay Notes
Capital outlay notes issued pursuant to this section may be issued for a period greater than the end of the third fiscal year following the fiscal year in which the notes were issued, but not greater than the end of the twelfth fiscal year following the fiscal year in which the notes were issued. Each […]
§ 9-21-609. Method of Sale of Twelve-Year Capital Outlay Notes
Capital outlay notes authorized under § 9-21-608 may be sold either at a competitive public sale or by an informal bid process in which, whenever possible, at least three (3) financial institutions are contacted by telephone or letter and asked to provide a rate or rates of interest for the term or terms of such […]