§ 159B-5.1 – Joint ownership with other public or private entities engaged in generation, transmission or distribution of electric power for resale.
159B-5.1. Joint ownership with other public or private entities engaged in generation, transmission or distribution of electric power for resale. Municipalities and joint agencies may jointly or severally own, operate and maintain projects with any person, firm, association or corporation, public or private, engaged in the generation, transmission or distribution of electric power and energy […]
§ 159B-21 – Bonds eligible for investment.
159B-21. Bonds eligible for investment. Bonds issued by a municipality or joint agency under the provisions of this Chapter are hereby made securities in which all public officers and agencies of the State and all political subdivisions, all insurance companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest […]
§ 159B-6 – Sale of capacity and output by a municipality.
159B-6. Sale of capacity and output by a municipality. Capacity or output derived by a municipality from its ownership share of a project not then required by such municipality for its own use and for the use of its consumers may be sold or exchanged by such municipality, for such consideration and for such period […]
§ 159B-22 – Agreement of the State.
159B-22. Agreement of the State. The State does hereby covenant and agree with the holders of any bonds that so long as any bonds of a municipality or joint agency are outstanding and unpaid the State will not limit or alter the rights vested in such municipality or joint agency to acquire, construct, reconstruct, improve, […]
§ 159B-7 – Licenses, permits, certificates and approvals.
159B-7. Licenses, permits, certificates and approvals. Municipalities proposing to jointly plan, finance, develop, own and operate a project are hereby authorized, either jointly or separately, to apply to the appropriate agencies of the State, the United States, or any state thereof, and to any other proper agency for such licenses, permits, certificates or approvals as […]
§ 159B-23 – Limited liability.
159B-23. Limited liability. (a) Bonds shall be special obligations of the municipality or joint agency issuing them. The principal of, premium, if any, and interest on the bonds shall not be payable from the general funds of the municipality or joint agency. Bonds issued to pay the cost of a project and, except as provided […]
§ 159B-9 – Creation of a joint agency; board of commissioners.
159B-9. Creation of a joint agency; board of commissioners. (a) The governing boards of two or more municipalities may by resolution or ordinance determine that it is in the best interests of the municipalities in accomplishing the purposes of this Chapter to create a joint agency as prescribed herein for the purpose of undertaking the […]
§ 159B-10 – Executive committee, composition; powers and duties; terms.
159B-10. Executive committee, composition; powers and duties; terms. (a) The board of commissioners of a joint agency may create an executive committee by resolution. The board may provide for the composition and terms of office of, and the method of filling vacancies on, the executive committee. The executive committee may include representatives of the joint […]
§ 159B-11 – General powers of joint agencies; prerequisites to undertaking projects.
159B-11. General powers of joint agencies; prerequisites to undertaking projects. (a) Each joint agency shall have all of the rights and powers necessary or convenient to carry out and effectuate the purposes and provisions of this Chapter, including, but without limiting the generality of the foregoing, the rights and powers: (1) To adopt bylaws for […]
§ 159B-12 – Sale of capacity and output by a joint agency; support contracts; other contracts with a joint agency.
159B-12. Sale of capacity and output by a joint agency; support contracts; other contracts with a joint agency. (a) Any municipality which is a member of the joint agency may contract to buy from the joint agency power and energy for its present or future requirements, including the capacity and output of one or more […]