28-7651. Definitions In this article, unless the context otherwise requires: 1. " Bond" means a bond secured solely by bridge construction revenues or a bond secured solely by highway improvement revenues as authorized and issued pursuant to this article. 2. " Bridge construction revenues" means monies received pursuant to section 42-5032, subsection A and deposited […]
28-7652. Agreement for construction of bridge or highway improvements A. The department and a county with a population of more than two million persons may enter into an intergovernmental agreement pursuant to title 11, chapter 7, article 3 for the construction of a bridge to provide direct access to commercial, residential and recreational facilities. The […]
28-7653. Bonds secured by bridge construction revenues; bonds secured by highway improvement revenues A. If a majority of the members of the county board of supervisors authorizes the issuance of bonds secured by bridge construction revenues by resolution dated before July 1, 1998, the county may issue the bonds so authorized in the manner provided […]
28-7654. Issuance of bonds A. The county board of supervisors is authorized to issue bonds secured by a pledge of bridge construction revenues. B. The county board of supervisors is authorized to issue bonds secured by a pledge of highway improvement revenues. C. Any bonds issued pursuant to this article may be issued in one […]
28-7655. Characteristics of bonds The bonds issued under this article: 1. Are fully negotiable within the meaning and for all purposes provided by title 47. 2. Are payable only according to their terms from bridge construction revenues or highway improvement revenues, as applicable, and are not general, special or other obligations of the issuing county […]
28-7656. Interest fund; redemption fund A. The treasurer of the county issuing bonds secured by bridge construction revenues shall establish an interest fund and a redemption fund for paying the bonds. The treasurer shall deposit into the funds bridge construction revenues in amounts sufficient to pay the interest and principal of the bonds as they […]
28-7657. Pledge of revenues to secure debt instruments A. Notwithstanding any other provision of this article, a county that receives bridge construction revenues may pledge, by separate covenant included in the resolution authorizing the issuance of bridge construction revenue bonds under this article or obligations it may incur, future receipts of the revenues to the […]
28-7658. Agreement of state A. This state pledges to and agrees with the holders of the bonds secured by bridge construction revenues and highway improvement revenues that it will not limit, alter or impair the rights vested in a county under this article to receive bridge construction revenues or highway improvement revenues, as applicable, and […]
28-7659. Supplemental law This article is supplemental and alternative to any other provision of law that also enables a county to issue any form or type of bonds.
