Section 33-2-180 Definitions. THIS SECTION WAS AMENDED BY ACT 2022-149 IN THE 2022 REGULAR SESSION, EFFECTIVE JUNE 1, 2022. TO SEE THE AMENDED VERSION, SEE THE VERSION LABELED PENDING. Where used in this article the following words and terms shall be given the following respective meanings unless the context hereof clearly indicates otherwise: (1) CODE. […]
Section 33-2-181 Authorization to issue docks facilities revenue bonds. The department, with the approval of the Governor, may from time to time and at any time, issue its docks facilities revenue bonds in such aggregate principal amounts as the department, with the approval of the Governor, may determine to be advisable, for the purpose of […]
Section 33-2-182 Authorization to issue refunding bonds. Subject to the provisions contained in this article, the department may from time to time sell and issue its refunding bonds for the purpose of refunding any or all of the outstanding bonds then outstanding, together with any interest thereon whether due and unpaid at the time of […]
Section 33-2-183 Docks facilities revenue bonds and refunding bonds – Generally. The docks facilities revenue bonds and the refunding bonds shall be in such forms and denominations and of such tenor and maturities (either serial or term or a combination thereof), provided that no docks facilities revenue bond or refunding bond shall have a specified […]
Section 33-2-184 Docks facilities revenue bonds and refunding bonds – Execution. The docks facilities revenue bonds and refunding bonds shall be signed by the director and attested by the secretary-treasurer of the department, and all interest coupons (if any) applicable to the docks facilities revenue bonds or refunding bonds shall be signed by the director; […]
Section 33-2-185 Docks facilities revenue bonds and refunding bonds – Sale. Docks facilities revenue bonds and refunding bonds may be sold by the department from time to time in series, and if sold in more than one series may all be authorized in one initial order of the director with the pledges therefor made in […]
Section 33-2-186 Docks facilities revenue bonds and refunding bonds – Nature of; pledge; negotiable instruments. The docks facilities revenue bonds and refunding bonds shall not be general obligations of the department but shall be payable solely out of docks facilities revenues. As security for the payment of the principal of, premium, if any, and interest […]
Section 33-2-187 Docks facilities revenue bonds and refunding bonds – Exemption from taxation; use to secure deposit and for investment of fiduciary funds authorized. Docks facilities revenue bonds and refunding bonds and the income therefrom shall be exempt from all taxation in the state. Any of the docks facilities revenue bonds or refunding bonds may […]
Section 33-2-188 Docks facilities revenue bonds and refunding bonds – Disposition of proceeds of refunding bonds. The proceeds of refunding bonds shall be applied, together with any other moneys legally available therefor to the payment of the expenses authorized by this article and to the payment of the principal of, premium, if any, and interest […]
Section 33-2-189 Docks facilities revenue bonds and refunding bonds – Disposition of proceeds of docks facilities revenue bonds. The department shall pay out of the proceeds from the sale of any of the docks facilities revenue bonds all expenses that the director may deem necessary or advantageous in connection with the sale and issuance of […]
Section 33-2-190 Docks facilities revenue bonds and refunding bonds – Defeasance. Any docks facilities revenue bond or refunding bond issued pursuant to the provisions of this article shall no longer be deemed to be outstanding, shall no longer be secured by the docks facilities revenues that may have been pledged therefor, shall no longer constitute […]
Section 33-2-191 Docks facilities revenue bonds and refunding bonds – Continuation of special charges. The department is hereby authorized to continue to impose and collect all charges and other fees presently imposed and collected, pursuant to statutory authorization, by the department for the use of docks facilities or the handling or processing of cargo and […]
Section 33-2-192 Docks facilities revenue bonds and refunding bonds – Pledge. All moneys hereby pledged shall constitute a sinking fund for the purpose of paying the principal of, premium, if any, and the interest on the docks facilities revenue bonds and refunding bonds. As security for the payment of the principal of, premium, if any, […]
Section 33-2-193 Docks facilities revenue bonds and refunding bonds – Preservation of outstanding appropriations, pledges and covenants by state and department. It is the intention of the Legislature in enacting this article to preserve inviolate all appropriations and pledges heretofore made of any portion of any revenues of the department for the benefit of any […]
Section 33-2-194 Docks facilities revenue bonds and refunding bonds – Covenant by department to maintain charges and other fees. For the benefit of the holders from time to time of the docks facilities revenue bonds and the refunding bonds herein authorized, and in order to secure maximum prices for said bonds, and in consideration of […]
Section 33-2-195 State Treasurer to disburse funds. Repealed by Acts 2007-280, p. 379, §6, and 2007-384, p. 766, §2, effective September 1, 2007. (Acts 1984, No. 84-412, p. 963, §16.)
Section 33-2-196 Reserve funds for outstanding bonds. In the event there shall have been established any reserve or other similar funds for the benefit of any of the outstanding bonds and if the outstanding bonds for which those funds were established are refunded in full by the issuance of refunding bonds hereunder and if under […]
Section 33-2-200 Definitions. The words and terms used in this division shall have the same definitions as provided in Section 33-2-180. In addition, the following words and terms shall be given the following respective meanings: (1) INDENTURE. Any mortgage, indenture of mortgage, deed of trust, trust agreement, or trust indenture executed by the department as […]
Section 33-2-201 Special purpose obligations. (a) The department, from time to time, may issue special purpose obligations, which shall be limited obligations of the department payable from and secured solely by a pledge of private facility payments made by or on behalf of one or more commercial enterprises for the right to use the private […]
Section 33-2-202 Short-term obligations. The department, from time to time, may enter into or execute and deliver short-term obligations. Any short-term obligations shall not be general obligations of the department, but shall be payable solely from docks facilities revenues and shall be subject to repayment in not more than three years; provided, that the department […]
