Section 33-2-201 – Special Purpose Obligations.
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.
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 […]
Section 33-2-203 – Security for Obligations.
Section 33-2-203 Security for obligations. As security for the payment of any obligations agreed to in any swap agreement, as defined in subdivision (3) of Section 41-1-41, the department may pledge for payment of the obligations, all or any part of its docks facilities revenues; provided, however, that any pledge of its docks facilities revenues, […]
Section 33-2-186 – Docks Facilities Revenue Bonds and Refunding Bonds – Nature Of; Pledge; Negotiable Instruments.
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.
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.
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.
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.
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.
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.
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, […]