35-511. Definitions In this article unless the context otherwise requires: 1. " Bond" means any bond, note, warrant, lease, lease purchase agreement or other interest bearing obligation issued pursuant to any provision of law by this state or any political subdivision. 2. " Political subdivision" means city, town, county, school district, community college district, multi-county […]
35-512. Authority to comply with federal income tax laws A. The governing body of any department, agency, instrumentality of this state or any political subdivision may make any covenant, order any rebate, file any tax return, report any information and order the limitation on the yield of any investment made with the proceeds from the […]
35-513. Rebate set-aside; authorization The state treasurer or the treasurer of any political subdivision may set aside such amounts as may be directed by the governing body or may in such treasurer’s discretion be sufficient to meet potential rebate requirements.
35-514. Construction; right to contest; supplemental nature of article A. This article is to be construed to be supplemental to and govern over any provision of law which prohibits rebates or other actions authorized in this article. The rebates authorized in this article are deemed to be made for a public purpose and to be […]
35-515. Rebate reporting; state agencies A. The state treasurer shall report to the United States government any rebate resulting from bonds issued by any state agency. The state treasurer may contract with professional consultants deemed necessary by the state treasurer in order to comply with the provisions of this section. The state treasurer may charge […]
