§18-9D-21. Authorizing Rules of School Building Authority
(a) The legislative rule filed in the State Register on September 27, 2007, relating to the School Building Authority (School Building Authority requirements for Comprehensive Educational Facility Plan rule), is repealed and enrolled as a procedural rule. (b) The legislative rule filed in the State Register on June 26, 2018, relating to the School Building […]
§18-9D-19. Comprehensive High Schools
(a) The Legislature finds the following: (1) The decline in student enrollment over the last twenty years has necessitated consolidation of schools in many counties;
§18-9D-19a. Comprehensive Middle Schools
(a) The Legislature finds the following: (1) Students learn more through hands on, applied learning activities;
§18-9D-20. Authority to Promulgate Rules; Legislative Authorization; Effective Date of Rules; Technical Deficiencies Waived
(a) The authority is hereby empowered to promulgate, adopt, amend or repeal rules in accordance with the provisions of article three-a, chapter twenty-nine-a of this code. (b) All rules adopted or promulgated by the authority and in effect on June 8, 2007, shall be refiled pursuant to the provisions of article three-a, chapter twenty-nine-a of […]
§18-9D-8. Use of Proceeds of Bonds; Bonds Exempt From Taxation
(a) The maximum aggregate amount of bonds outstanding at any time, for which the moneys in the School Building Debt Service Fund or the Excess Lottery School Building Debt Service Fund are to be pledged, is $500 million; however, any amount of bonds for which moneys have been deposited in a sinking fund, reserve fund […]
§18-9D-9. Issuance of Revenue Refunding Bonds; Use of Moneys; Power to Enter Into Escrow Agreements; Call for Redemption
The issuance of revenue refunding bonds under the provisions of this article shall be authorized by resolution of the School Building Authority and shall otherwise be subject to the limitations, conditions and provisions of other revenue bonds under this article. Such revenue refunding bonds may be issued in an amount at the option of the […]
§18-9D-10. Bonds May Be Issued for Combined Purposes
The School Building Authority may authorize by one or more resolutions a single issue of bonds for the combined purposes of refunding the outstanding bonds as herein authorized and financing one or more of the projects authorized hereunder.
§18-9D-11. Bonds Shall Be Negotiable Instruments
The revenue bonds, revenue refunding bonds and bonds issued for combined purposes under the provisions of this article shall, independently of the requirements of any other provision of law and solely by virtue of the provisions of this section, be and have all the qualities and incidents of negotiable instruments.
§18-9D-12. Trust Agreements for Holders of Bonds
The School Building Authority may enter into an agreement or agreements with any trust company, or with any bank having the powers of a trust company, either within or outside the state, to act as trustee for the holders of bonds issued hereunder, setting forth therein such duties and containing such legally binding covenants of […]
§18-9D-13. Sinking Fund for Payment of Bonds
(a) From the School Building Capital Improvements Fund the School Building Authority shall make periodic payments in an amount sufficient to meet the requirements of any issue of bonds sold under the provisions of this article prior to January 1, 1994, or for refunding bonds issued prior to that date as may be specified in […]