§ 35-1201 – Definitions
35-1201. Definitions In this chapter, unless the context otherwise requires: 1. " Administrator" means the statewide collateral pool administrator. 2. " Default or insolvency" includes the failure or refusal of any eligible depository to return any public deposit on demand or at maturity and the issuance of an order of supervisory authority restraining that depository […]
§ 35-1202 – Powers of the statewide collateral pool administrator
35-1202. Powers of the statewide collateral pool administrator The statewide collateral pool administrator is established in the office of the state treasurer. On or before July 1, 2014, the administrator shall have the necessary policies and procedures in place to implement this chapter. The administrator may: 1. Adopt and enforce the policies and procedures necessary […]
§ 35-906 – Allocations obtained after March 31 through 5:00 p.m. December 16
35-906. Allocations obtained after March 31 through 5:00 p.m. December 16 A. Any portions of the state ceiling, including any portions of the state ceiling subject to a confirmation for which bonds have not been issued or for which a qualified mortgage credit certificate program has not been established by 5:00 p.m. on March 31, […]
§ 35-907 – Allocations after 5:00 p.m. December 16
35-907. Allocations after 5:00 p.m. December 16 A. Any portions of the state ceiling for which bonds have not been issued by 5:00 p.m. December 16, other than confirmations extended pursuant to section 35-910, shall be pooled and are subject to allocation by the director to projects eligible for a carry-forward allocation under the code. […]
§ 35-908 – Principal amount of bonds issued less than confirmation; fee
35-908. Principal amount of bonds issued less than confirmation; fee A confirmation is effective as to bonds or mortgage credit certificates issued in lesser amounts than the principal amount set forth in the confirmation, but for bonds issued after 5:00 p.m. June 1, if the principal amount of bonds issued is less than the principal […]
§ 35-909 – Confirmation fees
35-909. Confirmation fees On the earlier of three business days after notice of issuance of the confirmation pursuant to section 35-904, subsection H or the filing of a certificate of closing, the authority shall be paid a nonrefundable confirmation fee of three hundred twenty dollars per million dollars for which a confirmation is issued. The […]
§ 35-910 – Extension of confirmations
35-910. Extension of confirmations A. A confirmation may be extended one time for up to ninety days but not later than December 16 on providing the authority with a security deposit equal to one per cent of the principal amount set forth in the confirmation. The security deposit and request for extension shall be submitted […]
§ 35-911 – Powers of the authority; certifications
35-911. Powers of the authority; certifications The authority may do all things necessary or desirable to carry out the purpose of this chapter, including issuing certifications regarding the aggregate amounts of allocations on bonds or mortgage credit certificates.
§ 35-912 – Limitation of liability
35-912. Limitation of liability No pecuniary recourse may be had for any claim based on any obligation contained in this chapter against this state or the authority or any of the past, present or future agencies, officers, directors, employees or agents.
§ 35-913 – Special allocations for mortgage revenue bonds and mortgage credit certificates; definitions
35-913. Special allocations for mortgage revenue bonds and mortgage credit certificates; definitions A. This section governs allocations of the state ceiling made by the director pursuant to section 35-902, subsection C. B. If the portion of a corporation’s allocation computed pursuant to subsection C of this section is less than ten million dollars, the director […]