§ 35-466.01 – Grant anticipation notes
35-466.01. Grant anticipation notes After any issuer has entered into one or more grant agreements, its governing body may issue and sell grant anticipation notes, the principal and interest on which are to be paid solely from the grant revenues to be received under the terms of such grant agreement or agreements. The governing body […]
§ 35-467.08 – Prohibition against obligating state or political subdivisions; payment from revenues
35-467.08. Prohibition against obligating state or political subdivisions; payment from revenues This state or a political subdivision is not liable for the payment of the principal or interest on any revenue anticipation notes. Revenue anticipation notes are not obligations of this state or a political subdivision and do not constitute a debt, legal or moral, […]
§ 35-466.02 – Form of notes
35-466.02. Form of notes The notes may be issued in one or more series, bear such dates, be in such denomination or denominations, mature on any date or dates not later than thirty days after the last date the grant revenues are to be received under the terms of the grant agreement or agreements, or […]
§ 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. […]
§ 35-466.03 – Limitations on issuance of notes
35-466.03. Limitations on issuance of notes The amount of such notes secured by grant revenues issued by the issuer shall not exceed the aggregate of all uncollected grant revenues to be received by the governing body under the terms of the applicable grant agreement or agreements.
§ 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 […]
§ 35-466.04 – Application of grant revenues; principal and interest redemption fund; payment of notes
35-466.04. Application of grant revenues; principal and interest redemption fund; payment of notes Upon the issuance of any grant anticipation notes, all grant revenues received by the issuer pursuant to the applicable grant agreement shall be collected and paid into a special fund to be known as the grant anticipation note principal and interest redemption […]
§ 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 […]
§ 35-466.05 – Investment of note proceeds; period of investment covenants
35-466.05. Investment of note proceeds; period of investment covenants A. Note proceeds may be invested in any of the following securities: 1. Bonds or other evidences of indebtedness of the United States of America or any of its agencies or instrumentalities when such obligations are guaranteed as to principal and interest by the United States […]
§ 35-466.06 – Use of proceeds
35-466.06. Use of proceeds The proceeds from the sale of the notes shall be paid into the treasury of the issuer and used by the issuer to defray the costs and expenses of the construction or acquisition of the project for which the grant or grants are being made, the legal and financial costs and […]