§ 41-5804 – Impact aid revenue bond building and debt service funds
41-5804. Impact aid revenue bond building and debt service funds A. If a school district issues impact aid revenue bonds under this article, the governing board shall establish: 1. An impact aid revenue bond building fund consisting of the net proceeds received from the sale of the bonds. The fund shall be a continuing fund […]
§ 41-5852 – Credit enhancement eligibility board; members
41-5852. Credit enhancement eligibility board; members A. The credit enhancement eligibility board is established consisting of the following members: 1. The governor or the governor’s designee. 2. The state treasurer or the treasurer’s designee. 3. The director of the department of administration or the director’s designee. B. Members of the board are not eligible to […]
§ 41-5805 – Securing principal and interest
41-5805. Securing principal and interest To secure the principal and interest on the impact aid revenue bonds, the school district governing board by resolution may: 1. Segregate the impact aid revenue bond debt service fund into one or more accounts and subaccounts and provide that bonds issued under this article may be secured by a […]
§ 41-5853 – Powers and duties of the board
41-5853. Powers and duties of the board A. The board is a body corporate and politic and may have an official seal that is judicially noticed. B. The board may: 1. Sue and be sued in its own name. 2. Contract and enter into agreements as necessary to carry out its responsibilities under this article. […]
§ 41-5806 – Cancellation of unsold impact aid revenue bonds
41-5806. Cancellation of unsold impact aid revenue bonds A. If an impact aid revenue bond issue remains unsold for six months after being offered for sale, the governing board of the school district or any school district comprised wholly or partly of territory that was part of the school district at the time of issuing […]
§ 41-5807 – Payment of impact aid revenue bonds; use of surplus monies
41-5807. Payment of impact aid revenue bonds; use of surplus monies A. The impact aid revenue bonds shall be paid solely from monies distributed to the school district from impact aid revenues and other monies that are authorized by this article and that are credited to the school district’ s impact aid revenue bond debt […]
§ 41-5786 – Lien of pledge
41-5786. 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 board to be placed in the school improvement revenue bond debt service fund are immediately subject to the lien of the pledge without […]
§ 41-5787 – Bond purchase; cancellation
41-5787. Bond purchase; cancellation The board may purchase bonds for cancellation out of any monies available for the purchase at a price of not more than either of the following: 1. If the bonds are redeemable at the time of the purchase, the applicable redemption price plus accrued interest to the next interest payment date […]
§ 41-5788 – Payment of revenue bonds
41-5788. Payment of revenue bonds A. The revenue bonds shall be paid solely from monies from the school improvement revenue bond debt service fund established pursuant to section 41-5784 and other monies that are credited to the school improvement revenue bond debt service fund. B. The state treasurer or the paying agent for the revenue […]
§ 41-5789 – Investment of monies in school improvement revenue bond proceeds fund
41-5789. Investment of monies in school improvement revenue bond proceeds fund A. As provided by section 41-5791, the board may authorize the state treasurer or bond trustee to invest monies in the school improvement revenue bond proceeds fund established pursuant to section 41-5783. B. The order directing an investment shall state a specified time when […]