§ 9-21-502. Purchase and Terms of Bond Anticipation Notes
Bond anticipation notes shall be sold for not less than ninety-nine percent (99%) of the par value thereof and accrued interest as the governing body of the local government may direct. Bond anticipation notes may be sold in one (1) or more series, may bear such date or dates, may bear interest at such rate […]
§ 9-21-503. Method of Sale of Bond Anticipation Notes
Bond 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.
§ 9-21-504. Security for Bond Anticipation Notes
Bond anticipation notes issued in anticipation of bonds secured by the full faith and credit of the local government shall be secured by a pledge of the taxing power of the local government, as to all taxable property in the local government or a portion of the local government, if applicable, which shall be subject […]
§ 9-21-505. Approval of Bond Anticipation Notes and Application for Their Extension or Renewal
The sale of bond anticipation notes shall first be approved by the comptroller of the treasury or the comptroller’s designee, and the notes shall be issued for the express purpose of providing funds in anticipation of the sale of bonds. All such notes shall be issued for a period not to exceed two (2) years […]
§ 9-21-601. Authorization for the Issuance of Capital Outlay Notes
The governing body of a local government acting by resolution is hereby authorized to issue and sell interest-bearing capital outlay notes for all purposes for which bonds can be legally authorized and issued by a local government for public works projects as defined in this chapter and for property valuation, tax assessment and tax equalization […]
§ 9-21-405. Definition of “period.”
“Period,” as used in this part and parts 5-8 of this chapter, includes in each instance any number of portions of time not exceeding in the aggregate the length of time included in such period.
§ 9-21-311. Appointment of Receiver on Default
In the event that the local government shall default in the payment of the principal of or interest on any of the revenue bonds after the same shall become due, whether at maturity or upon call for redemption, and the default shall continue for a period of thirty (30) days, or in the event that […]
§ 9-21-312. Judicial Supervision of Receiver
The receiver shall, in the performance of the powers conferred upon such receiver, act under the direction and supervision of the court making the appointment, and shall at all times be subject to the orders and decrees of the court, and may be removed by the court. Nothing contained in this chapter shall limit or […]
§ 9-21-313. Duties of Receiver
It is the duty of a receiver to: Immediately, either directly or through agents and attorneys, enter and take possession of each and every part of the public works project; Have, hold, use, operate, manage and control the public works project in the name of the local government or otherwise, as the receiver may deem […]
§ 9-21-314. Sale of Assets by Receiver Prohibited
Notwithstanding § 9-21-313, the receiver shall have no power to sell, assign, mortgage or otherwise dispose of any assets of whatever kind or character belonging to the local government or any local government instrumentality and useful for the public works project. The authority of any receiver shall be limited to the operation and maintenance of […]