§ 31-15-301. Definitions

As used in this part 3, unless the context otherwise requires: “Net effective interest rate” of a proposed issue of bonds means the net interest cost of said issue divided by the sum of the products derived by multiplying the principal amount of such issue maturing on each maturity date by the number of years […]

§ 31-15-302. Financial Powers – Legislative Declaration

The governing bodies in municipalities shall have the following general powers in relation to the finances of the municipality: To control the finances and property of the corporation; To appropriate money for municipal purposes only and provide for payment of debts and expenses of the municipality; To levy and collect taxes for general and special […]