§ 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 […]
§ 9-21-207. When an Election Is Necessary
No election upon a proposition for the issuance of general obligation bonds shall be necessary: If the general obligation bonds are to be issued for water works or sewerage purposes and if the governing body, by a vote of three-fourths (¾) of its members then in office, determine and declare in the initial resolution that […]
§ 9-21-208. Voluntary Election
If the governing body of the local government makes a decision to issue general obligation bonds for a public works project, and concurrently decides to hold an election for ascertaining the will of the electorate, then it need not adopt and publish an initial resolution and notice, but it shall adopt an election resolution in […]
§ 9-21-209. Election Resolution
If it is necessary to hold an election on the proposition to issue general obligation bonds or if the governing body decides to hold an election to ascertain the will of the electorate even if no petition has been filed, then the election shall be called by the governing body of the local government. Such […]
§ 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 […]
§ 9-21-214. Powers to Secure and to Covenant as to General Obligation Bonds
In order to secure the payment of the principal of and interest on general obligation bonds issued pursuant to this part and part 1 of this chapter, or in connection with such bonds, any local government has the power as to such bonds to: Pledge the full faith, credit, and unlimited taxing power of the […]