§ 9-21-119. Validity of Bonds and Notes Unaffected by Certain Irregularities
The validity of the authorization and issuance of the bonds or notes authorized under this chapter shall not be dependent on or affected in any way by proceedings taken for the construction of any public works project or enterprise or contracts made in connection with the construction of any public works project or enterprise or […]
§ 9-21-120. Bond and Note Issues Validated
All bonds and notes issued prior to July 1, 1986, and all proceedings theretofore taken to authorize the issuance of bonds or notes by any local government of this state for any purpose which is designated a public works project by this chapter, are hereby ratified, validated and confirmed, and such bonds and notes are […]
§ 9-21-107. Powers of Local Governments
All local governments have the power and are authorized, either singly or jointly with any one (1) or more other local governments, local government instrumentalities, the state, or a state or federal agency or jointly with one (1) or more of the above, to: Engage in the construction of any public works project which may […]
§ 9-21-108. Governing Body Authorized to Act by Resolution — Procedure for Adoption of Resolutions
All actions required or authorized to be taken under this chapter by the governing body of a local government may be by resolution. The resolution may be adopted at the meeting, regular or special, of the governing body at which the resolution is introduced, and shall take effect immediately upon adoption. Except as otherwise provided […]
§ 9-21-109. Determination of Costs of Public Works Projects
In determining the costs of any public works project for which bonds or notes are to be issued, the following items may also be included as a part of the cost of the public works project to be financed by the issuance of bonds or notes: Engineering, architectural, art design services, inspection, legal and accounting […]
§ 9-21-110. Appointment of a Fiscal Agent
Any local government has the power in connection with the issuance of bonds or notes to appoint a fiscal agent, to provide for the powers, duties, functions and compensation of such fiscal agent, to limit the liabilities of the fiscal agent, to prescribe a method for the resignation, removal, merger or consolidation of the fiscal […]
§ 9-21-101. Short Title
This chapter shall be known and may be cited as the “Local Government Public Obligations Act of 1986.”
§ 9-21-102. Intent
It is the intent and purpose of this chapter to provide a uniform and comprehensive statutory framework authorizing any local government to issue general obligation bonds and revenue bonds for public works projects, general obligation bonds for certain unfunded pension obligations, general obligation refunding bonds, revenue refunding bonds, bond anticipation notes, capital outlay notes, grant […]
§ 9-21-103. No Indebtedness Limit
Bonds or notes may be issued under this chapter, notwithstanding and without regard to any limit on indebtedness provided by law.
§ 9-21-104. Negotiability
Any bonds or notes issued by a local government pursuant to this chapter shall be fully negotiable for all purposes in the absence of an express recital on the face of the bond or note that it is nonnegotiable.