§ 23-71-709. No Impairment of Contract
Nothing in this part 7 or in any other law shall impair the existing obligations of contract embodied in outstanding revenue bonds validly issued under the statutes in force at the times of their issue prior to July 1, 1967. Source: L. 75: Entire article added, p. 784, § 1, effective July 1.
§ 23-71-710. Tax Exemption
Bonds and other securities issued under the provisions of this part 7, their transfer, and the income therefrom are exempt from taxation by this state or any subdivision thereof. Source: L. 75: Entire article added, p. 784, § 1, effective July 1.
§ 23-71-711. Construction
This part 7, without reference to other statutes of this state, except as otherwise expressly provided in this part 7, constitutes full authority for the exercise of the incidental powers granted in this part 7 concerning the borrowing of money to defray wholly or in part the cost of any project and the issuance of […]
§ 23-71-712. Liberal Construction
This part 7, being necessary to secure the public health, safety, convenience, and welfare, shall be liberally construed to effect its purposes. Source: L. 75: Entire article added, p. 785, § 1, effective July 1.
§ 23-71-713. Validation
All pledges of pledged revenues (including but not necessarily limited to grants, appropriations, and other donations from the United States or its agencies and any other donor, except the state or its agencies or political subdivisions) made to the payment of revenue bonds of local college districts and community and technical colleges prior to April […]
§ 23-71-609. Validation
All outstanding bonds and all acts and proceedings had or taken, or purportedly had or taken, prior to July 1, 1964, by or on behalf of any district under law or under color of law preliminary to and in the authorization, execution, sale, issuance, and payment of such bonds are validated, ratified, approved, and confirmed, […]
§ 23-71-610. Prior Obligations Not Impaired
Nothing in this part 6 shall impair the obligations of any bonds, or the refunding thereof, issued by a district prior to July 1, 1964, or otherwise invalidate any such bond or the obligations or refunding thereof. Source: L. 75: Entire article added, p. 781, § 1, effective July 1.
§ 23-71-701. Short Title
This part 7 shall be known and may be cited as the “Local District College Revenue Securities Law”. Source: L. 75: Entire article added, p. 781, § 1, effective July 1.
§ 23-71-702. Definitions
As used in this part 7, unless the context otherwise requires: “Committee” means the governing body of a district or any successor governing body of the district. “District” means any local college district operating pursuant to the laws of this state. “Facilities” means buildings, structures, or other income-producing facilities from the operation of which or […]
§ 23-71-703. Power to Issue Securities
The committee of any district, pursuant to authorizing resolution and subject to the provisions and contractual limitations in resolutions authorizing outstanding revenue bonds and other securities of the district, may issue, without an election, securities to defray, in whole or in part, the cost of a project in the manner provided in and subject to […]