§ 9-21-315. Surrender of Possession by Receiver
Whenever all that is due upon the revenue bonds, and interest thereon, and upon any other obligations, and interest thereon, having a charge, lien, or encumbrance on the revenues of the public works project and under any of the terms of any covenants or agreements with bondholders shall have been paid or deposited as provided […]
§ 9-21-316. Remedies Cumulative — Effect of Abandonment or Nonexercise of Right or Remedy
No remedy conferred by this part upon any holder of revenue bonds, or any trustee therefor, is intended to be exclusive of any other remedy, but each remedy is cumulative and in addition to every other remedy and may be exercised without exhausting and without regard to any other remedy conferred by this chapter or […]
§ 9-21-401. Applicability
The terms of this part and part 1 of this chapter shall be applicable to the authorization and issuance by any local government of debt under this chapter.
§ 9-21-402. Notes Issued to Finance Industrial Parks
A local government which intends to issue bond anticipation notes, capital outlay notes or grant anticipation notes to finance an industrial park shall first comply with title 13, chapter 16. A local government which intends to issue bond anticipation notes, capital outlay notes or grant anticipation notes to finance a business park shall first comply […]
§ 9-21-403. Budget Approval Required by the Comptroller of the Treasury or the Comptroller’s Designee
In order for the fiscal affairs of a local government to be maintained on a cash basis, after the issuance of any debt as provided by this chapter, and in order that the current receipts of such local government shall be sufficient to meet current expenditures, an annual budget shall be required of the local […]
§ 9-21-404. Sanction for Failure to Submit the Annual Budget to the Comptroller of the Treasury or the Comptroller’s Designee
If a proper budget is not submitted to the comptroller of the treasury or the comptroller’s designee when required under this part within five (5) months of the beginning of the fiscal year, then the comptroller of the treasury or the comptroller’s designee will cause notice to be published in a newspaper of general circulation […]
§ 9-21-307. Revenue Bonds of the Same Issue Shall Be Equally and Ratably Secured
All revenue bonds of the same issue shall be equally and ratably secured, without priority by reason of number, date of bonds, date of sale, date of execution, or of delivery, by a lien upon the revenues of the public works project or projects, the revenues of which are pledged to the payment of such […]
§ 9-21-308. Rates, Fees or Charges — Collection, Revision and Disposition
The governing body of a local government issuing revenue bonds pursuant to this part and part 1 of this chapter shall prescribe and collect reasonable rates, fees or charges for the services, facilities and commodities of the public works project or projects, and shall revise such rates, fees, or charges from time to time whenever […]
§ 9-21-309. Recourse Restricted to Revenues
No recourse shall be had for the payment of the revenue bonds, or interest thereon, or any part thereof, against the general funds of any local government, nor shall the full faith and credit or taxing power of any local government be deemed to be pledged to the payment of the revenue bonds. The revenue […]
§ 9-21-310. Remedies of Revenue Bondholders
Subject to any contractual limitations binding upon the holders of any issue of revenue bonds, or trustee therefor, including, but not limited to, the restriction of the exercise of any remedy to a specified proportion or percentage of such holders, any holder of revenue bonds, or trustee therefor, shall have the right and power, for […]