§ 9-21-910. Sale of General Obligation Refunding Bonds — Notices — Agreement to Sell
Any local government of this state proposing to sell general obligation refunding bonds for any authorized purpose 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. However, […]
§ 9-21-911. Sale of General Obligation Refunding Bonds to a State or Federal Agency
If any general obligation refunding bonds are to be sold pursuant to a commitment of a state or federal agency to purchase the same, such bonds may be sold at a private negotiated sale to the state or federal agency without the necessity of any public advertisement of the sale or of the approval of […]
§ 9-21-902. Determination by Governing Body to Be Conclusive
A determination by the governing body that any refunding is advantageous or necessary to the local government, or that any of the amounts provided in § 9-21-904 should be included in such refunding, or that any of the outstanding obligations should be called for redemption on the first or any subsequent available redemption date or […]
§ 9-21-903. Plan of Refunding to Be Submitted to the Comptroller of the Treasury or the Comptroller’s Designee — Publication of Notice of Refunding
Prior to the adoption by the governing body of the resolution authorizing the issuance of general obligation refunding bonds, a plan of refunding shall be submitted for review to the comptroller of the treasury or the comptroller’s designee, who shall immediately acknowledge receipt in writing of the proposed plan of refunding. If the sole purpose […]
§ 9-21-904. Maximum Amount of Principal for Which General Obligation Refunding Bonds May Be Issued
The principal amount of any issue of general obligation refunding bonds shall not exceed the sum of the following: The principal amount of the outstanding obligations to be refunded; provided, that general obligation refunding bonds may be issued in such amounts to permit any part of the bonds to reflect a zero (0) rate of […]
§ 9-21-901. Authorization to Issue General Obligation Refunding Bonds
Any local government has the power and is authorized to issue, by resolution, general obligation refunding bonds to refund outstanding obligations heretofore or hereafter lawfully issued or assumed by the local government, and to provide for the rights of the holders thereof and to secure such bonds as provided in this part and part 1 […]