§ 48-3198 – Sale of bonds; notice; minimum price; use of unsold bonds
48-3198. Sale of bonds; notice; minimum price; use of unsold bonds A. The board may sell bonds from time to time in such quantities as may be necessary and most advantageous to raise money for the purposes for which they were authorized. Before making any sale the board shall by resolution entered in the records […]
§ 48-3199 – Application of article; other methods of financing; prohibition
48-3199. Application of article; other methods of financing; prohibition A. The provisions of sections 48-2985 and 48-2986 shall apply only to the use of bonds or the expenditure of monies derived from the sale of bonds issued for major purposes in accordance with the provisions of sections 48-3190 through 48-3194, and no provision of this […]
§ 48-3200 – Certified bonds as legal investment for savings bank or as security for public funds
48-3200. Certified bonds as legal investment for savings bank or as security for public funds Bonds certified in accordance with the provisions of sections 48-3201 through 48-3205 shall be legal investments for funds of savings banks transacting business within the state, and may be deposited to secure public funds in the state. No savings bank […]
§ 48-3201 – Resolution to make bonds available as legal investment; filing with state certification board
48-3201. Resolution to make bonds available as legal investment; filing with state certification board When the board of directors of an irrigation district or water conservation district organized and existing under the laws of the state declares by resolution that it deems it desirable that any proposed or outstanding bonds of the district, including any […]
§ 48-3202 – Investigations and findings of state certification board upon certifying bonds
48-3202. Investigations and findings of state certification board upon certifying bonds A. The state certification board upon the receipt of a certified copy of the resolution provided by section 48-3201 shall without delay make or cause to be made an investigation of the affairs of the district, and make written findings of the result of […]
§ 48-3203 – Authorization of expenditures from proceeds of certified bonds by state certification board
48-3203. Authorization of expenditures from proceeds of certified bonds by state certification board When the bonds of a district have been certified as provided by sections 48-3202 through 48-3204, no expenditure of any kind shall be made from the proceeds thereof without the consent of the state certification board, and no obligation shall be incurred […]
§ 48-3204 – Issuance of certificate; form
48-3204. Issuance of certificate; form A. When any bond of a district, including any bond authorized but not sold, that is eligible for certification by the director of the department of administration as provided by section 48-3202 is presented to the director of the department of administration, the director of the department of administration shall […]
§ 48-3205 – Payment of expenses of state certification board
48-3205. Payment of expenses of state certification board All necessary expenses incurred in making the investigations and findings provided for by section 48-3202 shall be paid as the state certification board requires by the district whose bonds and property have been investigated by such board, but the district whose property and bonds have been investigated […]
§ 48-3206 – Payment of bonds and interest
48-3206. Payment of bonds and interest A. The bonds and the interest thereon shall be paid by revenue derived from an annual assessment and levy of taxes upon the real property of the district, and the real property of the district shall be liable to taxation for such payments. B. Any parcel of land in […]
§ 48-3207 – Water, wastewater infrastructure projects; loan repayment agreements; definitions
48-3207. Water, wastewater infrastructure projects; loan repayment agreements; definitions A. Notwithstanding any other law, an irrigation or water conservation district may design, construct, acquire, rehabilitate or improve water or wastewater infrastructure, related property and appurtenances or a nonpoint source project with monies borrowed from or financial assistance, including forgivable principal, provided by the water infrastructure […]