§ 35-467 – Definitions
35-467. Definitions In this article, unless the context otherwise requires: 1. " City" means a city or town incorporated under the laws of this state. 2. " Fiscal year" means the period commencing on July 1 of any year and terminating on June 30 of the next succeeding year. 3. " Governing body" means the […]
§ 35-467.01 – Revenue anticipation notes
35-467.01. Revenue anticipation notes After a taxing district has adopted a budget for the fiscal year as provided by law and the governing body determines that the revenues to be received by the district will not be received in time to pay the district’s projected expenses as set forth in the budget, the governing body […]
§ 35-465.03 – Limitations on issuance of notes
35-465.03. Limitations on issuance of notes The amount of such notes issued by such taxing district in any fiscal year shall not exceed ninety per cent of the aggregate of all uncollected taxes estimated to be received by the district for the fiscal year as shown by the current budget.
§ 35-465.04 – Application of taxes; payment of notes
35-465.04. Application of taxes; payment of notes Upon the issuance of any tax anticipation notes all taxes which are pledged to pay the notes and which are thereafter received by the taxing district shall be collected and held in the manner set forth in the resolution authorizing the notes or the notes themselves. The resolution […]
§ 35-454 – Informational pamphlet for bond election; review; ballot; election; return; canvass of votes; certificate of election
35-454. Informational pamphlet for bond election; review; ballot; election; return; canvass of votes; certificate of election A. The governing body or board of the political subdivision shall: 1. At least thirty-five days before the bond election, mail a copy of an informational pamphlet to every household within the political subdivision that contains a registered voter. […]
§ 35-465.05 – Investment of tax anticipation note proceeds; period of investment covenants
35-465.05. Investment of tax anticipation note proceeds; period of investment covenants A. Tax anticipation note proceeds and taxes pledged to repay the tax anticipation notes may be invested by the treasurer in any securities or deposits eligible for investment of public monies pursuant to chapter 2, article 2.1 of this title or, if taxes, in […]
§ 35-455 – Issuance and sale of bonds; call for election
35-455. Issuance and sale of bonds; call for election A. When the political subdivision designated in this article desires to issue bonds or other evidences of indebtedness, the governing body or board thereof, with the assent of a majority of the qualified electors therein voting at the election held as provided by section 35-454, may […]
§ 35-465.06 – Use of proceeds
35-465.06. Use of proceeds The proceeds from the sale of the notes shall be paid into the treasury of the taxing district. The proceeds shall be used by the taxing district to pay the expenses of such district as set forth in the annual budget and to pay the expenses of the proceedings and the […]
§ 35-456 – Amount, denomination and form of bonds
35-456. Amount, denomination and form of bonds A. The governing body or board shall cause the bonds to be prepared in the amount and denominations authorized, or whole multiples of such denominations, bearing the date of issuance and numbered in a convenient manner. Bonds voted at one or more elections, for one or more different […]
§ 35-465.07 – Rights of holders
35-465.07. Rights of holders The holder of any anticipation note may, in the holder’s own name and on the holder’s own behalf, or on behalf of all of the holders of the notes, take whatever action may be necessary to compel the performance of any duty required by any section of this article.