§ 48-3195 – Power of board to enter into contract with United States for construction or purchase of works
48-3195. Power of board to enter into contract with United States for construction or purchase of works After a bond indebtedness has been authorized by the qualified electors of a district, the board of directors, instead of issuing bonds in the manner provided in this article, may enter into an obligation or contract with the […]
§ 48-3196 – Special election on question whether bond issue should be cancelled and general plan abandoned; cancellation of certain unsold bonds by resolution
48-3196. Special election on question whether bond issue should be cancelled and general plan abandoned; cancellation of certain unsold bonds by resolution A. At any time bonds have been authorized by the qualified electors of the district, but no part thereof have been sold and delivered, the board of directors upon its own initiative may, […]
§ 48-3197 – Action to determine validity of bonds; hearing; judgment
48-3197. Action to determine validity of bonds; hearing; judgment A. The board of directors, or any qualified elector, taxpayer or real property owner within the district, may file an action for and on behalf of the district in the superior court of the county in which the office of the district is located for the […]
§ 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 […]