§ 9-11-113. Annual Cash Basis Budget
In order that the fiscal affairs of a unit may be maintained on a cash basis after issuance of any funding or refunding bonds under this chapter, and in order that the current receipts of such unit shall be sufficient to meet current expenditures, an annual budget shall be prepared by an official of the […]
§ 9-13-203. Part Definitions
As used in this part, unless the context otherwise requires: “Emergency technical assistance” means direction, oversight, management, and approval of all financial dealings and transactions of a local government by the comptroller of the treasury or the comptroller’s designee; “Loan guarantee” means the guarantee by the state, acting through the state funding board under this […]
§ 9-11-114. Appropriation Ordinance
After receiving the annual budget estimate, the governing body of the unit shall prepare an appropriation ordinance or resolution, using the budget estimate as a basis, but appropriating such sums as the governing body may deem proper for the expenses listed under § 9-11-113(2), whether greater or less than the budget estimate set forth under […]
§ 9-11-115. Tax Levy for Cash Basis
Immediately after the passage of the appropriation ordinance or resolution, the governing body shall pass an ordinance or resolution levying upon all property subject to taxation within the unit and basing such levy upon the current tax collection experience of the preceding fiscal year, such rate of tax as may be required to produce the […]
§ 9-11-116. Enforcement Power of the Comptroller of the Treasury or Comptroller’s Designee
The comptroller of the treasury or the comptroller’s designee shall require such periodic information from a unit operating under this chapter and make such audits as the comptroller of the treasury or the comptroller’s designee deems necessary, to the end that it may be ascertained that the budget of the unit is kept balanced during […]
§ 9-11-117. Tax Anticipation Notes
The governing body of any unit which shall have issued bonds under this chapter may issue tax anticipation notes under chapter 21 of this title.
§ 9-11-118. Remedies of Bondholders
Any holder of bonds issued under this chapter, or any person or officer being a party in interest, may either at law or in equity by suit, action or mandamus, enforce and compel the performance of the duties required by this chapter of the governing body or any board or officer of the unit. Inasmuch […]
§ 9-11-119. Nature and Construction of Chapter
No restriction, limitation, or provision contained in any other law, either public or private, relating to the issuance of bonds, notes, or other obligations of a unit, or limiting the amount of taxes which may be levied in a unit, shall apply to bonds or notes issued under this chapter. The powers granted by this […]
§ 9-13-101. Authority to Lend Appropriated Funds
The state board of equalization, with the approval of the funding board, is hereby authorized to lend state funds appropriated and made available for that purpose to municipalities and counties of the state upon terms and conditions hereinafter prescribed.
§ 9-13-102. Reduction of Assessment of Utility Property as Prerequisite for Loan
Such loans shall be made only to such municipalities or counties as can be shown to have incurred unanticipated losses of revenue necessitated or prompted by decrees or orders of competent courts reducing the assessments of railroad or public utility properties which are centrally assessed by the comptroller of the treasury and the state board […]