§ 48-6271 – Definitions
48-6271. Definitions (Conditionally Rpld.) In this article, unless the context otherwise requires: 1. " Bond related expenses" means any expenses incurred by the district to issue and administer its bonds, including underwriting fees and costs, trustee fees, financial consultant fees, printing and advertising costs, paying agent fees, transfer agent fees, legal, accounting, feasibility consultant and […]
§ 48-6272 – Authorization of revenue bonds; conditional expiration
48-6272. Authorization of revenue bonds; conditional expiration (Conditionally Rpld.) A. Subject to subsections D and E of this section, the district may issue negotiable revenue bonds pursuant to this article in a principal amount that is necessary to: 1. Provide sufficient monies for theme park purposes. The board may segregate any theme park purpose for […]
§ 48-6273 – Issuance and sale of bonds
48-6273. Issuance and sale of bonds (Conditionally Rpld.) A. The board shall issue the bonds in the number and amount provided in the resolution. The board shall provide notice of its intention to issue bonds in a manner consistent with market practice. B. The bonds may be sold by competitive public sale, through an on-line […]
§ 48-6274 – Bond proceeds account
48-6274. Bond proceeds account (Conditionally Rpld.) A. If the district issues bonds under this article, the board shall establish a bond proceeds account within the general fund consisting of monies received from the sale of the bonds. B. The district may use monies in the bond proceeds account only for theme park purposes in the […]
§ 48-6275 – Debt service account
48-6275. Debt service account (Conditionally Rpld.) A. If the district issues bonds under this article, the board shall establish a debt service account within the general fund consisting of monies designated and dedicated by the board for repayment of the bonds and payment of costs and related expenses associated with redeeming the bonds. B. Monies […]
§ 48-6276 – Securing principal and interest
48-6276. Securing principal and interest (Conditionally Rpld.) 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. Pledge for the payment of principal and interest on the bonds all or part of the revenues and other monies received by the […]
§ 48-6277 – Lien of pledge
48-6277. Lien of pledge (Conditionally Rpld.) A. Any pledge made under this article is valid and binding from the time when the pledge is made. B. The monies pledged to the holders of the bonds and received by the district for placement in the debt service account are immediately subject to the lien of the […]