Section 76.16A – Debtor status permitted — circumstances.
76.16A Debtor status permitted — circumstances. A city, county, or other political subdivision may become a debtor under chapter nine of the federal bankruptcy code, 11 U.S.C. §901 et seq., if it is rendered insolvent, as defined in 11 U.S.C. §101(32)(c), as a result of a debt involuntarily incurred. As used herein, “debt” means an […]
Section 76.17 – Powers of public issuers.
76.17 Powers of public issuers. 1. A public body authorized to issue bonds may elect to issue bonds bearing a variable or fluctuating rate of interest which is determined on one or more intervals by reference to an index or standard, or as fixed by an interest rate indexing or remarketing agent retained by the […]
Section 76.18 – Covenants authorized — tax exemption.
76.18 Covenants authorized — tax exemption. A public issuer of bonds or other debt obligations may covenant that the issuer will comply with requirements or limitations imposed by the Internal Revenue Code to preserve the tax exemption of interest payable on the bonds or obligations and may carry out and perform other covenants, including but […]
Section 76.8 – Laws applicable.
76.8 Laws applicable. All laws relating to the issuance of funding or refunding bonds by counties, cities and school corporations, as the case may be, not inconsistent with the provisions herein contained and to the extent the same may be applicable, shall govern the issuance of the funding and refunding bonds for the purpose herein […]
Section 76.9 – No limit of former power.
76.9 No limit of former power. Sections 76.7 and 76.8 shall be construed as granting additional power without limiting the power already existing in counties, cities and school corporations. [C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §76.9]
Section 76.10 – Registration — immobilization — standards — tax — records.
76.10 Registration — immobilization — standards — tax — records. Notwithstanding any other provision in the Code: 1. All public bonds or obligations issued before or after July 1, 1983 may be in registered form. An issuer of public bonds or obligations may designate for a term as agreed upon, one or more persons, corporations, […]
Section 76.11 – Confidentiality of bond holders — exceptions.
76.11 Confidentiality of bond holders — exceptions. Records of identity of owners of public bonds or obligations maintained as provided in section 76.10 or by the issuer of the bonds are confidential records entitled to protection under section 22.7, subsection 17. However, the issuer of the bonds or a state or federal agency may obtain […]
Section 76.12 – Reproduction and validity of signatures.
76.12 Reproduction and validity of signatures. 1. A provision requiring that public bonds or obligations or certificates of ownership of public bonds or obligations issued by a public entity be executed or signed by particular public officers permits the signatures to be affixed by printing or other mechanical means. However, each instrument shall bear at […]
Section 76.13 – Interim financing.
76.13 Interim financing. 1. A public body authorized to issue bonds may issue project notes in anticipation of the receipt of any of the following: a. Proceeds from the issuance of public bonds or obligations previously authorized. b. Proceeds to be received pursuant to law or agreement from any state or federal agency. c. Income […]
Section 76.14 – Definition.
76.14 Definition. As used in this chapter, unless the context otherwise requires, “public bond or obligation” means any obligation issued by or on behalf of the state, an agency of the state, or a political subdivision of the state. 83 Acts, ch 90, §6 Referred to in §390.9