§ 9-21-502. Purchase and Terms of Bond Anticipation Notes
Bond anticipation notes shall be sold for not less than ninety-nine percent (99%) of the par value thereof and accrued interest as the governing body of the local government may direct. Bond anticipation notes may be sold in one (1) or more series, may bear such date or dates, may bear interest at such rate […]
§ 9-21-503. Method of Sale of Bond Anticipation Notes
Bond anticipation notes may be sold in such manner either at a competitive public sale or at a private negotiated sale as the governing body of the local government may direct.
§ 9-21-312. Judicial Supervision of Receiver
The receiver shall, in the performance of the powers conferred upon such receiver, act under the direction and supervision of the court making the appointment, and shall at all times be subject to the orders and decrees of the court, and may be removed by the court. Nothing contained in this chapter shall limit or […]
§ 9-21-313. Duties of Receiver
It is the duty of a receiver to: Immediately, either directly or through agents and attorneys, enter and take possession of each and every part of the public works project; Have, hold, use, operate, manage and control the public works project in the name of the local government or otherwise, as the receiver may deem […]
§ 9-21-314. Sale of Assets by Receiver Prohibited
Notwithstanding § 9-21-313, the receiver shall have no power to sell, assign, mortgage or otherwise dispose of any assets of whatever kind or character belonging to the local government or any local government instrumentality and useful for the public works project. The authority of any receiver shall be limited to the operation and maintenance of […]
§ 9-21-315. Surrender of Possession by Receiver
Whenever all that is due upon the revenue bonds, and interest thereon, and upon any other obligations, and interest thereon, having a charge, lien, or encumbrance on the revenues of the public works project and under any of the terms of any covenants or agreements with bondholders shall have been paid or deposited as provided […]
§ 9-21-316. Remedies Cumulative — Effect of Abandonment or Nonexercise of Right or Remedy
No remedy conferred by this part upon any holder of revenue bonds, or any trustee therefor, is intended to be exclusive of any other remedy, but each remedy is cumulative and in addition to every other remedy and may be exercised without exhausting and without regard to any other remedy conferred by this chapter or […]
§ 9-21-401. Applicability
The terms of this part and part 1 of this chapter shall be applicable to the authorization and issuance by any local government of debt under this chapter.
§ 9-21-402. Notes Issued to Finance Industrial Parks
A local government which intends to issue bond anticipation notes, capital outlay notes or grant anticipation notes to finance an industrial park shall first comply with title 13, chapter 16. A local government which intends to issue bond anticipation notes, capital outlay notes or grant anticipation notes to finance a business park shall first comply […]
§ 9-21-403. Budget Approval Required by the Comptroller of the Treasury or the Comptroller’s Designee
In order for the fiscal affairs of a local government to be maintained on a cash basis, after the issuance of any debt as provided by this chapter, and in order that the current receipts of such local government shall be sufficient to meet current expenditures, an annual budget shall be required of the local […]