12A.1 Definitions. As used in this chapter, unless the context otherwise requires: 1. “Authorizing documents” means a resolution of the issuer, an indenture of trust, or any other instrument setting forth the terms and conditions of bonds issued in accordance with the provisions of this chapter. 2. “Bonds” means bonds, including refunding bonds, notes, and […]
12A.10 State law. The state reserves the right at any time to alter, amend, repeal, or otherwise change the structure, organization, programs, or activities of any issuer, including the power to terminate the issuer, except that a law shall not be enacted that impairs any obligation made pursuant to any contract entered into by the […]
12A.11 Provisions controlling. The powers granted issuers under this chapter are in addition to the powers of each issuer contained elsewhere in the Code. Nothing in this chapter limits the powers of an issuer to issue bonds under any other applicable provisions of the Code or to otherwise carry out its responsibilities as otherwise set […]
12A.12 Construction. This chapter, being necessary for the welfare of this state and its inhabitants, shall be liberally construed to effect its purpose. 2007 Acts, ch 133, §12
12A.13 Coordination. Issuers of bonds issued under this chapter shall be subject to the provisions of section 12.30. 2008 Acts, ch 1065, §11
12A.2 Provisions applicable. An issuer may issue bonds in accordance with the provisions of this chapter if enabling legislation enacted on or after July 1, 2007, provides that the bonds shall or may be issued in accordance with the provisions of this chapter. This chapter establishes the terms, conditions, and procedures applicable to the issuance […]
12A.3 Special obligations. Bonds issued under this chapter are payable solely out of the moneys, assets, or revenues pledged to the payment of the bonds pursuant to the enabling legislation and any bond reserve funds established in accordance with this chapter, and are not an obligation, indebtedness, or debt of the state or any political […]
12A.4 General powers. 1. An issuer may issue bonds under this chapter and do all things necessary with respect to the issuance of the bonds. An issuer shall have all of the powers necessary to issue and secure bonds and carry out the purposes for which the bonds are to be issued, including the power […]
12A.5 Reserve funds. 1. An issuer may create and establish one or more special funds, to be known as bond reserve funds, to secure one or more issues of bonds. The issuer shall pay into each bond reserve fund any moneys appropriated and made available by the state for the purpose of that reserve fund, […]
12A.6 Pledge of funds. 1. Any amounts authorized to be pledged as security for bonds may be held in separate and distinct funds in the state treasury, unless otherwise specified in the authorizing documents. Moneys so held shall not be subject to appropriation for any other purpose by the general assembly, but shall be used […]
12A.7 Authorizing documents provisions. The authorizing documents may contain the following provisions: 1. Pledges or assignments of the revenue of a project with respect to which the bonds are to be issued or the revenue of other property or facilities. 2. The setting aside of reserves or sinking funds, and their regulation, investment, and disposition. […]
12A.8 Bonds secured by authorizing documents. The authorizing documents may pledge or assign the revenue to be received for payment of the bonds or the proceeds of any contract pledged. A pledge or assignment made by the issuer pursuant to this chapter is valid and binding from the time that the pledge or assignment is […]
12A.9 State tax. Repealed by 2008 Acts, ch 1065, §12 .
