§ 48-6815 – Special assessments; assessment lien bonds
48-6815. Special assessments; assessment lien bonds A. The district board, after approval of the assessment at an election held as prescribed by section 48-6818, and pursuant to the procedures prescribed by sections 48-576 through 48-589, as nearly as practicable, or such other procedures as the district board provides, may levy by resolution an assessment of […]
§ 48-6816 – Terms of bonds
48-6816. Terms of bonds With respect to any bonds the district board shall prescribe the denominations of the bonds, the size of each issue and the form of the bonds and shall establish the maturities, interest payment dates and interest rates, whether fixed or variable, not exceeding the maximum rate stated in the notice of […]
§ 48-6817 – District taxes; annual financial estimate and budget
48-6817. District taxes; annual financial estimate and budget A. At any time after the hearing on formation of the district, the district board, or, if before formation, the governing body, may call an election to submit to the persons who are eligible to vote in the district as prescribed in section 48-6818 and the qualified […]
§ 48-6818 – Notice and conduct of elections; eligible voters
48-6818. Notice and conduct of elections; eligible voters A. Any election under this article shall be a nonpartisan election called by posting notices in three public places within the boundaries of the district not less than twenty days before the election. Any election may be conducted as a mail ballot election in the manner prescribed […]
§ 48-6819 – Dissolution of district
48-6819. Dissolution of district A. The district may be dissolved by the district board by a resolution of the district board if the following conditions exist: 1. All of the real and personal property owned by the district has been or will be conveyed to a municipality. 2. Either the district has no bonds or […]
§ 48-6811 – Participation by municipality
48-6811. Participation by municipality The governing body of the municipality, by resolution, may summarily order the participation by the municipality in the costs of any public infrastructure purpose, including the payment of bond debt service.
§ 48-6812 – Finances
48-6812. Finances The projects to be constructed or acquired as shown in the general plan may be financed from the following sources of revenue: 1. Proceeds received from the sale of bonds of the district. 2. Monies of the municipality or Indian tribe or community contributed to the district. 3. Special assessments. 4. State or […]
§ 48-6813 – Budget
48-6813. Budget On or before July 15 each year, the district treasurer shall prepare a proposed budget for the ensuing fiscal year to be submitted to the district board for approval. The board shall indicate its approval of the budget by resolution, which shall provide for a hearing on the budget as approved. The participating […]
§ 48-6814 – Revenue bonds; fees and charges
48-6814. Revenue bonds; fees and charges A. At any time after the hearing on formation of the district, the district board may hold a hearing on the question of authorizing the district board to issue revenue bonds of the district to provide monies for any infrastructure purposes consistent with the general plan. B. If revenue […]
§ 48-6801 – Definitions
48-6801. Definitions In this article, unless the context otherwise requires: 1. " Clerk" includes any person or official who performs the duties of clerk of the municipality or any person appointed by the district board to be the district clerk. 2. " Debt service" means the principal of, interest on and premium, if any, on […]