US Lawyer Database

§ 24-115-112. Notes Legal Investments

All banks, trust companies, savings and loan associations, insurance companies, executors, administrators, guardians, trustees, and other fiduciaries may legally invest any moneys within their control in any notes issued in accordance with this article. Public entities, as defined in section 24-75-601 (1), may invest public funds in notes only if the notes satisfy the investment […]

§ 24-115-113. Exemption From Taxation

Except as otherwise provided in this section, the income from notes issued pursuant to this article is exempt from all taxation and assessments in the state. In the certificate, indenture of trust, or other instrument authorizing the issuance of notes, the board or the executive director may waive the exemption from federal or state income […]

§ 24-115-114. No Action Maintainable

An action or proceeding at law or in equity to review any act or proceeding or to question the validity or enjoin the performance of any act or proceeding or the issuance of any notes or for any other relief against or from any act or proceeding done under this article, whether based upon irregularities […]

§ 24-114-102. Retaliation Prohibited

Except as provided in subsection (2) of this section, no appointing authority or supervisor of a private enterprise under contract with a state agency shall initiate or administer any disciplinary action against any employee on account of the employee’s disclosure of information concerning said private enterprise. This section shall not apply to: An employee who […]

§ 24-115-115. Annual Reports

No later than January 15 of any year in which notes issued pursuant to this article are outstanding or any moneys are in the critical needs fund, each issuing authority shall submit a report to the members of the joint budget committee of the general assembly and the members of the legislative audit committee of […]

§ 24-115-116. Investments

Except as otherwise provided in subsection (2) of this section, proceeds from the issuance of notes may be invested in any manner in which public moneys generally may be invested as provided by section 24-75-601.1 or any other applicable law. An issuing authority, in consultation with the state treasurer, may direct a corporate trustee that […]

§ 24-115-101. Short Title

This article shall be known and may be cited as the “Critical State Needs Financing Act”. Source: L. 2005: Entire article added, p. 745, § 1, effective June 1.

§ 24-115-117. Construction of Article

The powers conferred by this article shall be in addition and supplemental to, and not in substitution for, and the limitations imposed by this article shall not directly or indirectly modify, limit, or affect, the powers conferred to the department, the executive director, or the commission by the state constitution or by any other law. […]