Section 9-41A-35 – Insurance against losses to property.
9-41A-35. Insurance against losses to property. A municipal power agency may procure insurance against any losses in connection with its property, operations, or assets in such amounts and from such insurers as it deems desirable. Source: SL 1978, ch 66, §29.
Section 9-41A-36 – Payments in lieu of property tax–Valuation of property.
9-41A-36. Payments in lieu of property tax–Valuation of property. A municipal power agency shall pay to each taxing agency within whose taxing jurisdiction its property is situated, in lieu of taxes on its property, the amounts of the taxes which would be payable if its property were owned by a private person. For this purpose […]
Section 9-41A-37 – Powers incidental to purposes of chapter.
9-41A-37. Powers incidental to purposes of chapter. A municipal power agency may exercise all other powers reasonably necessary or appropriate for or incidental to the effectuation of its authorized purposes or to the exercise of any of the powers enumerated in §§9-41A-17 to 9-41A-37, inclusive, and generally may exercise in connection with its property and […]
Section 9-41A-22 – Applications to regulatory agencies–Compliance with requirements.
9-41A-22. Applications to regulatory agencies–Compliance with requirements. A municipal power agency may apply to any public agency for consents, authorizations, or approvals required for any project within its powers and take all actions necessary to comply with the conditions thereof. Source: SL 1978, ch 66, §17.
Section 9-41A-38 – Bonds and notes authorized–Purposes.
9-41A-38. Bonds and notes authorized–Purposes. A municipal power agency may from time to time issue its bonds or notes in such principal amounts as the municipal power agency shall deem necessary to provide sufficient funds to carry out any of its corporate purposes and powers, including but not limited to: (1)The acquisition or construction of […]
Section 9-41A-23 – Determination of location and character of projects.
9-41A-23. Determination of location and character of projects. A municipal power agency may determine the location and character of, and all other matters in connection with, any and all projects it is authorized to acquire, hold, establish, effectuate, operate, or control. Source: SL 1978, ch 66, §26.
Section 9-41A-39 – Terms of bonds and notes.
9-41A-39. Terms of bonds and notes. Bonds or notes of a municipal power agency shall be authorized by resolution of its board of directors and may be issued under the resolution or under a trust indenture or other security agreement, in one or more series, and shall: (1)Bear such date or dates; (2)Mature at such […]
Section 9-41A-24 – Contracts for project construction and sale of energy.
9-41A-24. Contracts for project construction and sale of energy. A municipal power agency may contract with any person, within or outside the state, for the construction of any project or for the sale or transmission of electric energy generated by any project, or for any interest therein or any right to capacity thereof, on such […]
Section 9-41A-40 – Bonds and notes payable solely from agency revenues–State and first or second class municipalities not obligated.
9-41A-40. Bonds and notes payable solely from agency revenues–State and first or second class municipalities not obligated. The principal of and interest upon any bonds or notes issued by a municipal power agency shall be payable solely from the revenues or funds pledged or available for their payment as authorized in this chapter. Each bond […]
Section 9-41A-25 – Purchase, sale, and transmission of electric energy–Agreements.
9-41A-25. Purchase, sale, and transmission of electric energy–Agreements. A municipal power agency may purchase, sell, exchange, or transmit electric energy within and outside the state in amounts it shall determine to be necessary and appropriate to make the most effective use of its powers and to meet its responsibilities, and may enter into agreements with […]