§ 48-4919 – Water district revenue bonds as legal investments
48-4919. Water district revenue bonds as legal investments Active management area water district revenue bonds issued under this article are securities in which public officers and bodies of this state and of municipalities and political subdivisions of this state, all companies, associations and other persons carrying on an insurance business, all financial institutions, investment companies […]
§ 48-1822 – Application of bond proceeds
48-1822. Application of bond proceeds The district may apply the proceeds from the sale of any of its bonds to further any of its lawful purposes including to pay all costs and estimated costs of the issuance of the bonds, of feasibility studies, of all engineering, inspection, fiscal and legal expenses and of the cost […]
§ 48-4911 – Authority to issue revenue bonds
48-4911. Authority to issue revenue bonds If the district finds other financing methods or procedures inadvisable, inadequate or insufficient to acquire or construct projects, works or facilities, it may independently or in conjunction with any other optional or alternative plans provided in this chapter issue revenue bonds as provided by this article.
§ 48-4912 – Prerequisites to issuance
48-4912. Prerequisites to issuance No revenue bonds may be issued until provision is made by contracts pursuant to this chapter adequate in the judgment of the board to ensure all necessary fiscal reserves, operation costs, maintenance and depreciation charges and payment of principal and interest of any bonds relating to any proposed project or facility […]
§ 48-4913 – Scope of resolution
48-4913. Scope of resolution A. Resolutions for a bond issue or issues under this article shall state the amount of the proposed issue or issues, the proposed interest rate and types and terms of bonds, that all other methods of necessary financing by the district have been found impractical, inadvisable or inadequate and that the […]
§ 48-4914 – Hearing; findings
48-4914. Hearing; findings A. The chairman of the board, at the earliest practical date, shall fix a time and place for a hearing not less than twenty nor more than thirty days after adopting the resolution. Notice of the time and place fixed for the hearing shall be published twice in a newspaper of general […]
§ 48-1811 – Financial powers of district; limitation; definition
48-1811. Financial powers of district; limitation; definition A. A district may finance any acquisition or expenditure authorized by this chapter with revenue bonds. A district may not finance with revenue bonds the acquisition by eminent domain of an existing electrical works or electrical facility of a municipality or public service corporation. B. In this article […]
§ 48-4915 – Issuance of revenue bonds
48-4915. Issuance of revenue bonds Revenue bonds issued under this article shall be authorized by resolution of the district and may be issued in one or more series, shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denomination or denominations and in […]
§ 48-1812 – Revenue bonds
48-1812. Revenue bonds A. The district may borrow money and issue its revenue bonds for any lawful district purpose. The board of directors shall determine the maximum amount of bonds, the maximum rate of interest and the time of payment of the bonds or any series of bonds. An election or referendum is not required […]
§ 48-4916 – Provisions of revenue bonds; sale
48-4916. Provisions of revenue bonds; sale A. Revenue bonds issued under this article shall provide that: 1. The bond is purchased and taken after a complete disclosure of and with a full knowledge of all of the surrounding relevant facts and circumstances and not on the representation, faith or credit of the district, this state […]