§ 41-5760 – Investment of monies in school facilities revenue bond debt service fund
41-5760. Investment of monies in school facilities revenue bond debt service fund A. The board may authorize the state treasurer or bond trustee to invest and reinvest any monies in the school facilities revenue bond debt service fund as provided by section 41-5761. B. All monies earned as interest or otherwise derived from the investment […]
§ 41-5761 – Authorized investments of fund monies
41-5761. Authorized investments of fund monies A. On notice from the board, the state treasurer or bond trustee shall invest and divest monies in either the school facilities revenue bond proceeds fund or the school facilities revenue debt service fund in any of the following: 1. Obligations issued or guaranteed by the United States or […]
§ 41-5762 – Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments
41-5762. Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code, subject only to any provisions for registration, regardless of whether the bonds actually constitute negotiable instruments under the uniform commercial code. B. The […]
§ 41-5763 – Effect of changing circumstances on bonds; agreement of state
41-5763. Effect of changing circumstances on bonds; agreement of state A. Bonds issued under this article remain valid and binding obligations of the board notwithstanding that, before the delivery of the bonds, any of the persons whose signatures appear on the bonds cease to be members of the board. B. An amendment of any provision […]
§ 41-5764 – Validity of bonds; certification by attorney general
41-5764. Validity of bonds; certification by attorney general A. This article constitutes full authority for authorizing and issuing bonds without reference to any other law of this state. No other law with regard to authorizing or issuing obligations or that in any way impedes or restricts performing the acts authorized by this article may be […]
§ 41-5751 – Authorization of state school facilities revenue bonds
41-5751. Authorization of state school facilities revenue bonds A. The board may issue negotiable revenue bonds pursuant to this article. If authorized by the legislature, bonds may be issued under this article in a principal amount not exceeding $200, 000, 000 in a fiscal year to: 1. Provide monies to pay the cost of: (a) […]
§ 41-5752 – Issuance and sale of revenue bonds
41-5752. Issuance and sale of revenue bonds A. The board shall issue the bonds in the number and amount provided in the resolution. B. The bonds shall be sold at public or private sale at the price and on the terms prescribed in the resolution at, above or below par. C. The net proceeds of […]
§ 41-5753 – School facilities revenue bond proceeds fund; use for new school facilities
41-5753. School facilities revenue bond proceeds fund; use for new school facilities A. If the board issues revenue bonds under this article, the board shall establish a school facilities revenue bond proceeds fund consisting of the net proceeds received from the sale of the bonds. B. The board may use monies in the school facilities […]
§ 41-5754 – School facilities revenue bond debt service fund
41-5754. School facilities revenue bond debt service fund A. The board shall establish a school facilities revenue bond debt service fund consisting of monies transferred to the fund pursuant to sections 37-521 and 42-5030.01. B. Monies in the school facilities revenue bond debt service fund may be used only for the purposes authorized by this […]
§ 41-5755 – Securing principal and interest
41-5755. Securing principal and interest A. In connection with issuing bonds authorized by this article and to secure the principal and interest on the bonds, the board by resolution may: 1. Segregate the school facilities revenue bond debt service fund into one or more accounts and subaccounts and provide that bonds issued under this article […]