§ 30-35-705. Exchange – Sale – Proceeds – Amounts
Such refunding bonds may be exchanged dollar for dollar for the bonds to be refunded, or they may be sold at, above, or below their par value at a price or prices such that the net effective interest rate of the issue of refunding bonds does not exceed the maximum net effective interest rate authorized. […]
§ 30-35-706. Tax for Payment of Refunding Bonds
The interest accruing on such refunding bonds issued pursuant to the provisions of this part 7 prior to the time when the proceeds of tax levies are available therefor shall be paid out of the general revenues or any other revenues of the county available therefor. For the purpose of reimbursing such general revenues or […]
§ 30-35-707. Ordinance Not to Be Altered
Any ordinance authorizing an issue of refunding bonds under the provisions of this part 7 and providing for the levy of taxes for the payment of the interest upon and the principal of such refunding bonds shall not be altered or repealed until the indebtedness thereby authorized shall have been fully paid. Source: L. 81: […]
§ 30-35-708. Combined Issues – Procedures
Any such refunding bonds may be issued to refund one or more issues of outstanding bonds of a county; but no two or more issues of outstanding bonds may be refunded by a single issue of refunding bonds unless the taxable property upon which tax levies are being made for payment of each such outstanding […]
§ 30-35-709. Application of Refunding Bond Proceeds – Procedures – Limitations
The proceeds derived from the issuance of any refunding bonds under the provisions of this part 7 shall either be immediately applied to the payment, or redemption, and retirement of the bonds to be refunded and the cost and expense incident to such procedures, or shall immediately be placed in escrow to be applied to […]
§ 30-35-710. Registration of Refunding Bonds
Whenever any home rule county issues refunding bonds under the provisions of this part 7, the governing body shall direct that the county clerk and recorder, as a part of said county clerk and recorder’s duties, register said bonds in a book to be kept by him for that purpose, and when so registered, the […]
§ 30-35-711. Redemption of Refunding Bonds Prior to Maturity – Procedures
In the event that any bonds of a home rule county, either bonds issued for refunding purposes or bonds issued for other purposes as set forth in section 30-35-201 (6), have been or are made redeemable prior to their respective maturities and the governing body determines that all or any part of such bonds should […]
§ 30-35-712. “Net Interest Cost” – “Net Effective Interest Rate”
For the purposes of this part 7, the terms “net interest cost” and “net effective interest rate” have the meanings set forth in section 30-35-201 (6). Source: L. 81: Entire article added, p. 1482, § 1, effective June 8.
§ 30-35-704. Ordinance for Bond Issue – Bonds
If the governing body determines to issue refunding bonds without an election by meeting the requirements set forth in sections 30-35-701 to 30-35-703, or if, upon canvassing the vote cast at any election held under the provisions of this part 7, it is determined by the governing body that a majority of the legal votes […]
§ 30-35-701. Refunding Bonds – Amount
The governing body of a home rule county may issue negotiable coupon bonds, to be denominated refunding bonds, for the purpose of refunding any of the bonded indebtedness of the county whether due or not, or which has or may become payable at the option of the county or by consent of the bondholders, or […]