Section 301 – Issuance of bonds by governing body — Computation of indebtedness under constitutional and statutory limitations.
Effective 1/1/2023 11-14-301. Issuance of bonds by governing body — Computation of indebtedness under constitutional and statutory limitations. (1) If the governing body has declared the bond proposition to have carried and no contest has been filed, or if a contest has been filed and favorably terminated, the governing body may proceed to issue the […]
Section 302 – Resolution — Negotiability — Registration — Maturity — Interest — Payment — Redemption — Combining issues — Sale — Financing plan.
11-14-302. Resolution — Negotiability — Registration — Maturity — Interest — Payment — Redemption — Combining issues — Sale — Financing plan. (1) (a) Bonds issued under this chapter: (i) shall: (A) be authorized by resolution of the governing body; (B) be fully negotiable for all purposes; (C) mature at such time or times not […]
Section 303 – Bonds, notes, or other obligations of political subdivisions exempt from taxation except corporate franchise tax.
11-14-303. Bonds, notes, or other obligations of political subdivisions exempt from taxation except corporate franchise tax. All bonds, notes, or other obligations issued under this chapter or under any other law authorizing the issuance of bonds, notes, or indebtedness by a local political subdivision or any other political subdivision now existing or subsequently created under […]
Section 103 – Bond issues authorized — Purposes — Use of bond proceeds.
Effective 5/10/2016 11-14-103. Bond issues authorized — Purposes — Use of bond proceeds. (1) Any local political subdivision may, in the manner and subject to the limitations and restrictions contained in this chapter, issue its negotiable bonds for the purpose of paying all or part of the cost of: (a) acquiring, improving, or extending any […]
Section 201 – Election on bond issues — Qualified electors — Resolution and notice.
Effective 5/13/2014 11-14-201. Election on bond issues — Qualified electors — Resolution and notice. (1) The governing body of any local political subdivision that wishes to issue bonds under the authority granted in Section 11-14-103 shall: (a) at least 75 days before the date of election: (i) approve a resolution submitting the question of the […]