§1052. Authorized to receive government aid, borrow money and issue bonds and notes A standard district is authorized to receive government aid, borrow money and issue bonds and notes in accordance with this section. [PL 2013, c. 555, §6 (NEW).] 1. Authorization of bonds. A standard district may provide by resolution of its board […]
§1053. Debt limit; approval by voters of a standard district 1. Debt limit proposed. Prior to issuing on behalf of a standard district any bond, note or other evidence of indebtedness payable within a period of more than 12 months after the date of issuance, the trustees shall propose a debt limit for the standard […]
§1054. Authority to increase debt limits; sewer districts 1. Debt limit. Notwithstanding any provision of a sewer district’s charter to the contrary, a sewer district may increase its debt limit by referendum in accordance with this section. A sewer district is not required to use the procedure provided by this section and may seek to […]
§1055. Investments A sewer district may invest its funds, including sinking funds, reserve funds and trust funds in accordance with this section. This section is in addition to, and not in limitation of, any power of a sewer district to invest its funds. [PL 2017, c. 151, §5 (AMD).] 1. Deposit or investment of […]
