§ 9-21-1011. Notice of Redemption
If any of the obligations to be refunded are to be called for redemption, the governing body shall cause the notice of redemption to be given in the manner and at the time required by the resolution or ordinance authorizing the outstanding obligations.
§ 9-21-1012. Application of Proceeds of Sale of Revenue Refunding Bonds
The principal proceeds from the sale of any revenue refunding bonds shall be applied only as follows, either to the: Immediate payment and retirement of the obligations being refunded; or Extent not required for the immediate payment of the outstanding obligations being refunded, the proceeds of the revenue refunding bonds shall be deposited in escrow […]
§ 9-21-913. Notice of Redemption
If any of the obligations to be refunded are to be called for redemption, the governing body shall cause the notice of redemption to be given in the manner and at the time required by the resolution or ordinance authorizing such outstanding obligations.
§ 9-21-914. Application of Proceeds of Sale of General Obligation Refunding Bonds
The principal proceeds from the sale of any general obligation refunding bonds shall be applied only as follows, either to the: Immediate payment and retirement of the obligations being refunded; or Extent not required for the immediate payment of the outstanding obligations being refunded, the proceeds of the general obligation refunding bonds shall be deposited […]
§ 9-21-915. Powers to Secure and to Covenant as to General Obligation Refunding Bonds
In order to secure the payment of the principal of and interest on general obligation refunding bonds issued pursuant to this part and part 1 of this chapter, or in connection with such bonds, any local government shall have the power as to such bonds to: Pledge the full faith, credit and unlimited taxing power […]
§ 9-21-916. Remedies of General Obligation Refunding Bondholders
Any holder of general obligation refunding bonds issued pursuant to this part and part 1 of this chapter shall have all rights provided in § 9-21-216, in addition to all other rights provided by law.
§ 9-21-1001. Authorization to Refinance and to Issue Revenue Refunding Bonds
Any local government has the power and is authorized to issue by resolution revenue refunding bonds to refinance outstanding obligations heretofore or hereafter issued or lawfully assumed by the local government which are payable solely from all or any part of the revenues of one (1) or more enterprises, or from a combination of such […]
§ 9-21-1002. Determination by Governing Body to Be Conclusive
A determination by the governing body that any refunding is advantageous or necessary to the local government, or that any of the amounts provided in § 9-21-1004 should be included in such refunding, or that any of the outstanding obligations should be called for redemption on the first or any subsequent available redemption date or […]
§ 9-21-1003. Plan of Refunding to Be Submitted to the Comptroller of the Treasury or the Comptroller’s Designee
Prior to the adoption by the governing body of the resolution authorizing the issuance of revenue refunding bonds, a plan of refunding shall be submitted for review to the comptroller of the treasury or the comptroller’s designee, who shall immediately acknowledge receipt in writing of the proposed plan of refunding. If the sole purpose of […]
§ 9-21-1004. Maximum Amount of Principal for Which Revenue Refunding Bonds May Be Issued
The principal amount of any issue of revenue refunding bonds shall not exceed the sum of the following: The principal amount of the outstanding obligations being refinanced; The redemption premium, if any, thereon; Unpaid interest on the outstanding obligations being refinanced to the date of delivery or exchange of the revenue refunding bonds; The interest […]