§ 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.
§ 9-21-406. Nonconforming Obligations
Any note or promise to repay money (herein called “obligation”) issued or made under this chapter contrary to requirements precedent to the issuance of notes under this part and parts 5-8 of this chapter, as the case may be, shall be considered nonconforming and shall be subject to the restrictions and penalties of this section. […]
§ 9-21-407. Remedies of Noteholders
Any holder of notes issued pursuant to this chapter has the right, in addition to all other rights: By mandamus or other suit, action or proceeding in any court of competent jurisdiction to enforce such holder’s rights against the local government, the governing body of the local government and any officer, agent, or employee of […]
§ 9-21-408. Interfund Loans
Local governments are hereby authorized to make interfund loans in accordance with procedures for issuance of notes or bonds in part 5, 7 or 8 of this chapter or § 9-21-604. Local governments are hereby authorized to make interfund loans in accordance with the procedures of § 9-21-604(b) of all funds derived from the sale […]
§ 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 […]