§ 9-21-304. Initial Revenue Bond Resolution
Prior to the issuance of any revenue bonds pursuant to this part and part 1 of this chapter, the governing body of the local government shall adopt a resolution (herein referred to as the “initial resolution”) determining to issue the revenue bonds. The initial resolution shall state in substance: The amount or maximum amount of […]
§ 9-21-305. Terms of Revenue Bonds
The revenue bonds may be sold in one (1) or more series, may bear such date or dates, shall mature at such time or times, not exceeding forty (40) years from their respective dates, may bear interest at a zero (0) rate or at such other rate or rates (which may vary from time to […]
§ 9-21-306. Powers to Secure and to Covenant as to Revenue Bonds
In order to secure the payment of the principal of and interest on revenue bonds issued pursuant to this part and part 1 of this chapter, and the payment of the obligations of any local government under any interest rate agreement authorized by this part, including its obligation for termination or other non-periodic payments, or […]
§ 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 […]
§ 9-21-210. Eligibility to Vote
For general obligation bonds issued by a local government which are payable from taxes levied upon all taxable property in the local government, any registered voter in the local government may vote in the election. For general obligation bonds issued by a local government which are payable from taxes levied on only a portion of […]
§ 9-21-211. Limitation on Election Contests
No suit, action or other proceeding contesting the validity of the bond election shall be entertained in any of the courts of this state unless such suit, action or other proceeding is commenced within ten (10) days from the date of canvassing of the returns and the determination and declaration of the results thereof by […]
§ 9-21-212. Waiting Period for New Election
If an election on the proposition to issue general obligation bonds is had and a majority of the registered voters voting on the proposition do not vote in favor of the issuance of the general obligation bonds in question, then the proposition shall not again be the subject of an initial resolution until three (3) […]
§ 9-21-213. Terms of General Obligation Bonds — Citizens’ Bonds — Interest Rate Agreements
The general obligation bonds may be sold in one (1) or more series, may bear such date or dates, shall mature at such time or times, not exceeding forty (40) years from their respective dates, may bear interest at a zero (0) rate or at such other rate or rates (which may vary from time […]