§ 35-468.07 – Supplemental law
35-468.07. Supplemental law This article is supplemental and alternative to any other provision of law that also enables a political subdivision to issue bonds.
§ 35-468.03 – Supplemental tax levy; interest fund; redemption fund
35-468.03. Supplemental tax levy; interest fund; redemption fund A. After the bonds are issued, the governing body or board issuing the bonds shall annually levy and cause to be collected a tax, at the same time and in the same manner as other taxes are levied and collected on all taxable property in the political […]
§ 35-468.04 – Pledge of revenues to secure debt instruments
35-468.04. Pledge of revenues to secure debt instruments Notwithstanding any other provision of this article, a political subdivision that receives water transportation revenues may pledge, by separate covenant included in the resolution authorizing the issuance of any bonds under this article or obligations it may incur, future receipts of such revenues to the payment of […]
§ 35-468.05 – Agreement of state
35-468.05. Agreement of state This state pledges to and agrees with the holders of the bonds that this state will not limit, alter or impair the rights vested in any political subdivision under this article to receive the monies, including water transportation revenues or an equivalent source, necessary to produce sufficient revenue to fulfill the […]
§ 35-468.06 – Bonds as obligation of political subdivision
35-468.06. Bonds as obligation of political subdivision Bonds issued under this article are obligations of the issuing political subdivision, are payable only according to their terms and are not general, special or other obligations of this state. The bonds do not constitute a legal debt of this state and are not enforceable against this state. […]
§ 35-468 – Definitions
35-468. Definitions In this article, unless the context otherwise requires: 1. " Bond" means a bond authorized and issued under this article. 2. " Political subdivision" means any county, school district, community college district or special taxing district organized under title 48 in which remote municipal property, as defined in section 42-15251, is located. 3. […]
§ 35-468.01 – Bonds secured by water transportation revenues
35-468.01. Bonds secured by water transportation revenues A. If a majority of the electors of a political subdivision voting at an election held pursuant to either article 3 of this chapter or title 15, chapter 4, article 5 authorizes the issuance of bonds, the political subdivision may issue the bonds so authorized either in the […]
§ 35-468.02 – Issuance of bonds
35-468.02. Issuance of bonds A. The governing body of the political subdivision shall authorize and issue the bonds, except that the board of supervisors of the county where a school district is located, or the larger portion of a school district, if the district is located in more than one county, shall act as the […]