§ 9-21-312. Judicial Supervision of Receiver
The receiver shall, in the performance of the powers conferred upon such receiver, act under the direction and supervision of the court making the appointment, and shall at all times be subject to the orders and decrees of the court, and may be removed by the court. Nothing contained in this chapter shall limit or […]
§ 9-21-313. Duties of Receiver
It is the duty of a receiver to: Immediately, either directly or through agents and attorneys, enter and take possession of each and every part of the public works project; Have, hold, use, operate, manage and control the public works project in the name of the local government or otherwise, as the receiver may deem […]
§ 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 […]
§ 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 […]