Section 390.20 – Public bonds or obligations as suitable investments for governmental units, financial institutions, and fiduciaries.
390.20 Public bonds or obligations as suitable investments for governmental units, financial institutions, and fiduciaries. The following persons may legally invest any debt service funds, money, or other funds belonging to such person or within such person’s control in any public bonds or obligations issued pursuant to this subchapter: 1. A bank, trust company, savings […]
Section 390.21 – Resolution, trust indenture, or security agreement constitutes contract — provisions.
390.21 Resolution, trust indenture, or security agreement constitutes contract — provisions. The resolution, trust indenture, or other security agreement under which any public bonds or obligations are issued shall constitute a contract with the holders of the public bonds or obligations, and may contain provisions, among others, prescribing any of the following terms: 1. The […]
Section 390.22 – Mortgage or trust deed to secure bonds.
390.22 Mortgage or trust deed to secure bonds. For the security of public bonds or obligations issued or to be issued by an electric power agency, the electric power agency may mortgage or execute deeds of trust of the whole or any part of its property. 2001 Acts, 1st Ex, ch 4, §30, 36 CS2001, […]
Section 390.8 – Equity investment in independent transmission company.
390.8 Equity investment in independent transmission company. In addition to the powers conferred upon a city elsewhere in this chapter, any city operating a city electric utility on January 1, 2003, may enter into agreements with and acquire equity interests in independent transmission companies or similar independent transmission entities in which they are participating that […]
Section 390.23 – No personal liability on public bonds or obligations.
390.23 No personal liability on public bonds or obligations. An official, director, member of an electric power agency, or any person executing public bonds or obligations shall not be liable personally on the public bonds or obligations or be subject to any personal liability or accountability by reason of the issuance of such public bonds […]
Section 390.8A – Transmission facility ownership.
390.8A Transmission facility ownership. In addition to the powers conferred upon a city or electric power agency elsewhere in this chapter, a city or electric power agency may acquire ownership interest in a transmission facility, including ownership of the capacity of such facility, within this state or in any other state for the purpose of […]
Section 390.24 – Repurchase of securities.
390.24 Repurchase of securities. An electric power agency may purchase public bonds or obligations out of any funds available for such purchase, and hold, pledge, cancel, or resell the public bonds or obligations, subject to and in accordance with any agreements with the holders. 2001 Acts, 1st Ex, ch 4, §32, 36 CS2001, §476A.35 2010 […]
Section 390.9 – Definitions.
390.9 Definitions. For purposes of this subchapter, unless the context otherwise requires: 1. “Electric power agency” means an entity financing or acquiring an electric power facility pursuant to this chapter, chapter 28E, or chapter 28F. An electric power agency may be organized as a nonprofit corporation, limited liability company, or as a separate administrative or […]
Section 390.25 – Pledge of revenue as security.
390.25 Pledge of revenue as security. An electric power agency may pledge its rates, rents, and other revenues, or any part of such rates, rents, and revenues, as security for the repayment, with interest and redemption premiums, if any, of the moneys borrowed by the electric power agency or advanced to the electric power agency […]
Section 390.10 – Electric power agency — general authority.
390.10 Electric power agency — general authority. In addition to other powers conferred upon an electric power agency by chapter 28F or other applicable law, an electric power agency may enter into and carry out joint agreements with other participants for the acquisition of ownership of a joint facility and for the planning, financing, operation, […]