§ 9-21-205. Initial General Obligation Bond Resolution
Prior to the issuance of general obligation 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 general obligation bonds. The resolution shall state in substance: The amount or maximum amount of […]
§ 9-21-206. Publication of Notice
The initial resolution, together with a notice in substantially the following form, shall be published in full once in a newspaper of general circulation in the local government: NOTICEThe foregoing resolution has been adopted. Unless within twenty (20) days from the date of the publication hereof, a petition signed by at least ten percent (10%) […]
§ 9-21-121. Impairment of Contract
Nothing in this chapter shall be deemed in any way to alter the terms of any agreements made with the holders of any outstanding bonds or notes of the local government or to authorize the local government to alter the terms of any such agreements, or to impair, or to authorize the local government to […]
§ 9-21-122. Authorization to Cancel Bonds, Notes and Coupons
Whenever any bonds, notes, or interest coupons shall be paid and discharged, they shall be cancelled by stamping and punching, immediately upon their redemption. The cancelled bonds, notes, and coupons shall be retained and be available for examination in annual audits subject to § 9-21-123.
§ 9-21-123. Authorization to Destroy Bonds, Notes and Coupons
Subject to subsection (b), any local government may, by resolution duly adopted by its governing body, authorize and direct the paying agent for its bonds, notes and coupons, or other person in possession of its bonds, notes and coupons, to destroy all bonds, notes and coupons duly paid and cancelled. Such bonds, notes and coupons […]
§ 9-21-124. Supplementary Nature — Transitional Provisions — Interest Rate Agreements
The powers conferred by this chapter shall be in addition and supplemental to the powers conferred by any other law and not in substitution for the powers conferred by any other law; however, to the extent this law conflicts with any other law or is inconsistent with any other law, this chapter shall prevail with […]
§ 9-21-125. Effectiveness and Priority of Pledges and Liens
Any pledge of, or lien on, revenues, fees, rents, tolls or other charges received or receivable by any local government to secure the payment of any bonds or notes issued by a local government pursuant to this chapter, and the interest thereon, shall be valid and binding from the time that the pledge or lien […]
§ 9-21-126. Advertisements for Sale of Bonds or Notes
An advertisement for sale of bonds or notes under this chapter may omit the date and time of sale, and in such event, the advertisement for sale shall set forth the manner in which the date and time of sale shall be subsequently published, which may be either by publication: In the same financial journal […]
§ 9-21-127. Bonds for Certain Unfunded Pension Obligations
Local governments may issue general obligation bonds or revenue bonds under this part and parts 2 and 3 of this chapter for certain unfunded pension obligations or for not greater than fifty percent (50%) of the value of certain unfunded other post-employment benefits if such is approved by the state funding board after receiving a […]
§ 9-21-128. Debt Necessary to Fund School Building Improvements, Demolition or New Construction
Whenever the commissioner of education is authorized by the state board of education to take responsibility for the operation of any local school system or school that has been placed on probation pursuant to title 49, chapter 1, part 6, the state acting under the authority of the state building commission may issue debt necessary […]