§ 48-6407 – Board meetings; notice
48-6407. Board meetings; notice A. The board shall hold regular meetings every calendar quarter and additional meetings on the call of the chairperson or a majority of the members of the board. The secretary-treasurer shall give at least three days’ notice of each meeting to each member of the board in addition to the public […]
§ 48-6279 – Payment of bonds
48-6279. Payment of bonds (Conditionally Rpld.) A. The bonds shall be paid solely from monies in the debt service account. B. The members of the board and any persons who execute the bonds are not personally liable for the payment of the bonds. C. The fiscal agent of the district shall cancel all bonds when […]
§ 48-6408 – Powers and duties of the board
48-6408. Powers and duties of the board A. The board shall determine its organizational and procedural structure, adopt, amend or repeal bylaws, rules and forms consistent with the requirements of this chapter and prescribe a system of accounts. B. The board may: 1. Manage and conduct the business and affairs of the district. 2. Make […]
§ 48-6280 – Use of surplus monies
48-6280. Use of surplus monies (Conditionally Rpld.) A. If a balance remains in the bond proceeds account after all acquisition, construction and related costs have been paid: 1. The board shall credit the balance to repay any other outstanding indebtedness of the district. 2. If the district has no outstanding indebtedness, the board shall credit […]
§ 48-6409 – Water development and management; technical assistance and review by director of water resources
48-6409. Water development and management; technical assistance and review by director of water resources A. For purposes of achieving the goal of the district as described in section 48-6403, the district through its board shall do the following consistent with section 48-6410: 1. Modify the district’s comprehensive plan at least every ten years to include […]
§ 48-6281 – Investment of monies in the bond proceeds account
48-6281. Investment of monies in the bond proceeds account (Conditionally Rpld.) A. The board may authorize the district fiscal agent to invest monies in the bond proceeds account in the manner prescribed by section 48-6283. B. The order directing an investment shall state a date on which the proceeds from the sale of the bonds […]
§ 48-6410 – Limitation on powers
48-6410. Limitation on powers The board and the district shall not do any of the following: 1. Engage in the retail sale of potable water to customers in the district. 2. Require the use of a water measuring device for any well in the district, except as a condition in a contract with the district. […]
§ 48-6282 – Investment of monies in debt service account
48-6282. Investment of monies in debt service account (Conditionally Rpld.) A. The board may authorize the district fiscal agent to invest and reinvest any monies in the debt service account as provided by section 48-6283. B. The order directing an investment shall state a date on which the monies and other resources in the debt […]
§ 48-6283 – Authorized investments of monies
48-6283. Authorized investments of monies (Conditionally Rpld.) A. The monies in either the bond proceeds account or the debt service account may be invested and reinvested at the direction of the board in any of the following: 1. United States treasury obligations. 2. Consolidated farm loan bonds. 3. Obligations issued by the federal intermediate credit […]
§ 48-6284 – Deposit and disbursement of monies
48-6284. Deposit and disbursement of monies (Conditionally Rpld.) A. Monies derived from selling bonds under this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds shall be deposited by the district fiscal agent in financial institutions that the board designates and that are insured […]