§ 159D-57 – Additional method.
159D-57. Additional method. The foregoing sections of this Article provide an additional and alternative method for the doing of the things authorized and are supplemental and additional to powers conferred by other laws. This Article does not derogate any existing powers. The issuance of bonds or notes under the provisions of this Article need not […]
§ 159D-39 – General powers.
159D-39. General powers. The agency shall have all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of this Article, including all of the following: (1) To make and execute contracts and agreements necessary or incidental to the exercise of its powers and duties under this Article, including loan […]
§ 159D-55 – Tax exemption.
159D-55. Tax exemption. The exercise of the powers granted by this Article will be in all respects for the benefit of the people of the State and will promote their health and welfare. Any bonds or notes issued by the agency under the provisions of this Article are at all times be free from taxation […]
§ 159D-40 – Criteria and requirements.
159D-40. Criteria and requirements. (a) In undertaking any project pursuant to this Article, the agency shall be guided by and shall observe the following criteria and requirements listed below. The determination of the agency as to its compliance with these criteria and requirements is conclusive. (1) No project shall be sold or leased nor any […]
§ 159D-56 – Conflict of interest.
159D-56. Conflict of interest. If any member, officer or employee of the agency is interested either directly or indirectly, or is an officer or employee of or has an ownership interest in any firm or corporation interested directly or indirectly, in any contract with the agency, this interest shall be disclosed to the agency and […]
§ 159D-41 – Procedural requirements.
159D-41. Procedural requirements. Any participating institution may submit to the agency, and the agency may consider, a proposal for financing a project using forms and following instructions prescribed by the agency. The proposal shall set forth the type and location of the project and may include other information and data respecting the project and the […]
§ 159D-42 – Operations of projects; agreements of sale on leases; conveyance of interest in projects.
159D-42. Operations of projects; agreements of sale on leases; conveyance of interest in projects. (a) The agency may sell or lease any project to a participating institution for operation and maintenance or lend money to any participating institution to effectuate the purposes of this Article, under a loan agreement or an agreement of sale or […]
§ 159D-43 – Construction contracts.
159D-43. Construction contracts. If the agency determines that the purposes of this Article will be more effectively served, the agency in its discretion may award or cause to be awarded contracts for the construction of any project on behalf of a participating institution upon a negotiated basis as determined by the agency. The agency shall […]
§ 159D-44 – Credit of State not pledged.
159D-44. Credit of State not pledged. Bonds or notes issued under the provisions of this Article shall not be secured by a pledge of the faith and credit of the State or of any political subdivision of the State, or create an indebtedness of the State, or of any political subdivision of the State requiring […]
§ 159D-45 – Bonds and notes.
159D-45. Bonds and notes. (a) The agency is authorized to provide for the issuance, at one time or from time to time, of bonds, or notes in anticipation of the issuance of bonds, of the agency to carry out and effectuate its corporate purposes. The principal of and the interest on such bonds or notes […]