§ 35-1203 – Subrogation of administrator to depositor’s rights; distribution of assets; payment
35-1203. Subrogation of administrator to depositor’s rights; distribution of assets; payment On payment in full to any public depositor on any claim presented pursuant to this chapter, the administrator shall be subrogated to all of the depositor’s rights, title and interest against the depository that is in default or insolvent and shall share in any […]
§ 35-1204 – Mandatory deposit of public funds in eligible depositories; notice; exemption
35-1204. Mandatory deposit of public funds in eligible depositories; notice; exemption A. Uninsured public deposits required to be secured by collateral pursuant to this chapter shall be deposited in an eligible depository. B. On written notice to the administrator, a city that is governed by a charter and that has a population of more than […]
§ 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 […]
§ 35-1001 – Definitions
35-1001. Definitions In this chapter, unless the context otherwise requires: 1. " Governmental entity" means this state, any county, city, town, municipality or other political subdivision of this state or any department, agency, board, commission, authority, political subdivision, public corporation or other public entity of any of the foregoing or controlled by any of the […]
§ 35-1002 – Swap agreements; provisions; purposes; credit enhancement
35-1002. Swap agreements; provisions; purposes; credit enhancement A. A governmental entity may enter into, modify, amend and terminate one or more swap agreements that it determines to be necessary or desirable in connection with, or incidental to, the conduct of its activities, including in connection with the issuance, carrying or securing of obligations or the […]