§ 35-821 – Bonds of the corporation
35-821. Bonds of the corporation A. All principal and interest of bonds issued by the corporation shall be payable solely out of the revenues and receipts derived from the corporation’s sale of property, loan repayments or lease rentals, or out of the proceeds of bonds issued hereunder, as shall be specified in the proceedings of […]
§ 35-822 – Security for bonds
35-822. Security for bonds The principal and interest of any bonds issued by the corporation may be secured by a pledge of the revenues and receipts of the corporation out of which the principal and interest are to be made payable, by a mortgage covering all or any part of the properties of the corporation […]
§ 35-505 – Exemption; industrial development
35-505. Exemption; industrial development This article does not apply to corporations formed pursuant to chapters 5 and 6 of this title.
§ 35-703 – Articles of incorporation of industrial development authority
35-703. Articles of incorporation of industrial development authority In addition to the requirements of title 10, the articles of incorporation shall set forth: 1. The names and residences of the applicants, together with a recital that each of them is a qualified elector of the municipality or the county or, in the case of a […]
§ 35-511 – Definitions
35-511. Definitions In this article unless the context otherwise requires: 1. " Bond" means any bond, note, warrant, lease, lease purchase agreement or other interest bearing obligation issued pursuant to any provision of law by this state or any political subdivision. 2. " Political subdivision" means city, town, county, school district, community college district, multi-county […]
§ 35-512 – Authority to comply with federal income tax laws
35-512. Authority to comply with federal income tax laws A. The governing body of any department, agency, instrumentality of this state or any political subdivision may make any covenant, order any rebate, file any tax return, report any information and order the limitation on the yield of any investment made with the proceeds from the […]
§ 35-513 – Rebate set-aside; authorization
35-513. Rebate set-aside; authorization The state treasurer or the treasurer of any political subdivision may set aside such amounts as may be directed by the governing body or may in such treasurer’s discretion be sufficient to meet potential rebate requirements.
§ 35-514 – Construction; right to contest; supplemental nature of article
35-514. Construction; right to contest; supplemental nature of article A. This article is to be construed to be supplemental to and govern over any provision of law which prohibits rebates or other actions authorized in this article. The rebates authorized in this article are deemed to be made for a public purpose and to be […]
§ 35-515 – Rebate reporting; state agencies
35-515. Rebate reporting; state agencies A. The state treasurer shall report to the United States government any rebate resulting from bonds issued by any state agency. The state treasurer may contract with professional consultants deemed necessary by the state treasurer in order to comply with the provisions of this section. The state treasurer may charge […]
§ 35-601 – Definitions
35-601. Definitions For the purposes of this article: 1. " Federal bankruptcy statute" means the act of Congress entitled, " An act to establish a uniform system of bankruptcy throughout the United States, " approved July 1, 1898, as amended or supplemented. 2. " Taxing district" means a " taxing district" as defined in the […]