§ 9-21-215. Tax Resolution — Levy for Payment of General Obligation Bonds
At any time before delivering any general obligation bonds to be issued pursuant to this part and part 1 of this chapter, the governing body shall adopt a resolution (herein called the “tax resolution”) which shall recite in substance that adequate provision will be made for raising annually by tax upon the taxable property in […]
§ 9-21-216. Remedies of General Obligation Bondholders
Any holder of general obligation bonds issued pursuant to parts 1 and 2 of 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 […]
§ 9-21-131. Agreements Concerning Rights and Remedies of Parties — Jurisdiction — Applicable Law
When entering into any contracts or agreements authorized under this chapter, including contracts or agreements providing for liquidity and credit enhancement and reimbursement agreements relating thereto, interest rate swap or exchange agreements, agreements establishing interest rate floors or ceilings or both, other interest rate hedging agreements, evidencing a transaction bearing a reasonable relationship to this […]
§ 9-21-132. Sale of Bonds at Private Sale by Local Government
A local government shall have discretion until June 30, 2014, to sell bonds at private sale upon terms and conditions that it determines and upon approval by the governing body of the local government. Subsection (a) shall apply to counties having a population greater than three hundred seven thousand (307,000), according to the 2000 federal […]
§ 9-21-133. Approval of Comptroller of Treasury Required Prior to Issuance of Balloon Indebtedness — Evaluation of Plan
As used in this section: “Balloon indebtedness”: Means any indebtedness that: Has a final term to maturity totaling thirty-one (31) or more years from the original date of issuance of the indebtedness to the date the indebtedness is fully amortized, including any subsequent refinancing thereof; Delays principal repayment for more than three (3) years after […]
§ 9-21-134. Public Entities — Information Concerning Debt Obligation Issuances
In addition to the definitions applicable generally to this chapter, the following definitions shall be applicable to this section only: “Advisor” means a financial advisor, swap advisor, or program administrator, with respect to a finance transaction, whether or not such title is used; “Costs” related to a finance transaction may include, but are not limited […]
§ 9-21-201. Authorization for the Issuance of General Obligation Bonds
Any local government is authorized to issue general obligation bonds under this part and part 1 of this chapter for a public works project. “General obligation bonds” mean those bonds in which the local government incurs a definite and absolute obligation by pledging the full faith, credit and unlimited taxing power of the local government […]
§ 9-21-202. Sale of General Obligation Bonds at Below Par Value
All general obligation 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-eight percent (98%) of par value and accrued interest as the governing body of the local government may direct. Nothing in this chapter shall be construed to […]
§ 9-21-203. Sale of General Obligation Bonds — Notices
Any local government proposing to sell general obligation bonds, under parts 1 and 2 of this chapter, is authorized to sell such bonds at a competitive public sale. The local government shall publish a notice of sale at least five (5) days prior to the date on which the bonds are to be sold, either […]
§ 9-21-204. Sale of General Obligation Bonds to a State or Federal Agency
If any general obligation 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 the […]