§ 49-1306 – Taxation exemption
49-1306. Taxation exemption A. The authority is regarded as performing a governmental function in carrying out the purposes of this article and is not required to pay taxes or assessments on any of the property acquired or constructed for these purposes or on the agreements of the authority pertaining to maintaining and operating water-related facilities […]
§ 49-1307 – Financial assistance from the long-term water augmentation fund; terms
49-1307. Financial assistance from the long-term water augmentation fund; terms A. The authority shall consider applications for financial assistance from the long-term water augmentation fund in accordance with section 49-1304 and shall consider the recommendations of the long-term water augmentation committee established by section 49-1208. B. The authority may provide financial assistance from the long-term […]
§ 49-1308 – Long-term water augmentation financial assistance; procedures
49-1308. Long-term water augmentation financial assistance; procedures A. In compliance with any applicable requirements, an eligible entity may apply to the authority for and accept and incur indebtedness as a result of financial assistance from the long-term water augmentation fund for water supply development projects. B. The authority shall: 1. Prescribe a simplified form and […]
§ 49-1309 – Long-term water augmentation bonds; requirements; authority; exemption from liability
49-1309. Long-term water augmentation bonds; requirements; authority; exemption from liability A. The authority, through the board, may issue negotiable long-term water augmentation bonds in a principal amount that, in its opinion, is necessary to do all of the following: 1. Provide sufficient monies for water supply development projects and financial assistance for water supply development […]
§ 49-1310 – Long-term water augmentation bond obligations of the authority
49-1310. Long-term water augmentation bond obligations of the authority Long-term water augmentation bonds issued under this article are obligations of the authority, are payable only according to their terms and are not general, special or other obligations of this state. The long-term water augmentation bonds do not constitute a legal debt of this state and […]
§ 49-1311 – Certification of long-term water augmentation bonds by attorney general
49-1311. Certification of long-term water augmentation bonds by attorney general A. The board may submit any long-term water augmentation bonds issued under this article to the attorney general after all proceedings for their authorization have been completed. Within fifteen days after submission, the attorney general shall examine and pass on the validity of the long-term […]
§ 49-1312 – Long-term water augmentation bonds as legal investments
49-1312. Long-term water augmentation bonds as legal investments Long-term water augmentation bonds issued under this article are securities: 1. 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 and other […]
§ 49-1313 – Agreement of state
49-1313. Agreement of state A. This state pledges to and agrees with the holders of the long-term water augmentation bonds that this state will not limit or alter the rights vested in the authority or any successor agency to collect the monies necessary to produce sufficient revenue to fulfill the terms of any agreements made […]
§ 49-1331 – Water conservation grant fund; exemption; administration; report
49-1331. Water conservation grant fund; exemption; administration; report A. The water conservation grant fund is established to be maintained in perpetuity consisting of all the following: 1. Legislative appropriations. 2. Monies received for water conservation purposes from the United States government. 3. Interest and other income received from investing monies in the fund. 4. Gifts, […]
§ 49-1265 – Water quality bonds as legal investments
49-1265. Water quality bonds as legal investments Water quality 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 and other persons carrying on […]