§ 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 […]
§ 9-21-301. Authorization for the Issuance of Revenue Bonds
Any local government is authorized to issue revenue bonds under this part and part 1 of this chapter for a public works project. “Revenue bonds” are defined as those bonds which are payable exclusively from the revenues of one (1) or more public works projects. The bonds may be sold in such blocks as the […]
§ 9-21-302. Sale of Revenue Bonds — Agreements Regarding Dates of Delivery
Any local government proposing to sell revenue bonds under this part and part 1 of this chapter is authorized to sell such bonds either at a competitive public sale or at a private negotiated sale as the governing body of the local government may direct. The governing body of a local government may enter into […]
§ 9-21-303. Sale of Revenue Bonds at Below Par Value
All revenue 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-seven percent (97%) of par value and accrued interest as the governing body of the local government may direct. Nothing in this chapter shall be construed to prevent […]
§ 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 […]