§ 41-5810 – Authorized investments of fund monies
41-5810. Authorized investments of fund monies A. The monies in either the impact aid revenue bond building fund or debt service fund may be invested and reinvested at the direction of the school district governing board in any of the investments authorized by section 41-5761. B. The purchase of the securities shall be made by […]
§ 41-5811 – Audit
41-5811. Audit A. The governing board shall cause an annual audit to be made of the impact aid revenue bond building fund and the impact aid revenue bond debt service fund, including all accounts and subaccounts in the funds. A certified public accountant shall conduct the audit within ninety days after the end of the […]
§ 41-5812 – Lien of pledge
41-5812. Lien of pledge A. Any pledge made under this article is valid and binding from the time when the pledge is made. B. The monies so pledged and received by the school district to be placed in the impact aid revenue bond debt service fund are immediately subject to the lien of the pledge […]
§ 41-5813 – Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments
41-5813. 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 […]
§ 41-5814 – Effect of changing circumstances on bonds; agreement of state
41-5814. Effect of changing circumstances on bonds; agreement of state A. Bonds issued under this article remain valid and binding obligations of the school district notwithstanding that before the delivery of the bonds any of the persons whose signatures appear on the bonds cease to be officers of the school district. B. An amendment of […]
§ 41-5815 – Validity of bonds; certification by attorney general
41-5815. 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 […]
§ 41-5831 – Definitions
41-5831. Definitions In this article, unless the context otherwise requires: 1. " HVAC system" means the equipment, distribution network and terminals that provide, either collectively or individually, the process of heating, ventilation or air conditioning to a building. 2. " School activity hours" means the time of day in which students or school personnel occupy […]
§ 41-5832 – Indoor air quality requirements
41-5832. Indoor air quality requirements A. When the board or the division approves the construction of a school building, the division shall conduct an environmental site assessment. The division shall consider site assessment standards in accordance with the American society for testing and materials standard E1527, standard practice for environmental site assessments: phase I environmental […]
§ 41-5802 – Authorization of school district impact aid revenue bonds
41-5802. Authorization of school district impact aid revenue bonds A. On voter approval pursuant to section 15-491, a school district governing board may issue negotiable impact aid revenue bonds pursuant to this article. Bonds may be issued under this article in a total aggregate amount not to exceed three times the average of the school […]
§ 41-5841 – Achievement district school application
41-5841. Achievement district school application A. The credit enhancement eligibility board established by section 41-5852 shall establish an application process, application forms and selection criteria for a public school or charter school to qualify as an achievement district school for the purposes of article 11 of this chapter. B. A public school or charter school […]