48-3199. Application of article; other methods
of financing; prohibition
A. The provisions of sections 48-2985 and 48-2986 shall apply only to the use of
bonds or the expenditure of monies derived from the sale of bonds issued for major
purposes in accordance with the provisions of sections 48-3190 through 48-3194, and no
provision of this article relating to authorization, issuance, delivery and sale of bonds
shall preclude the financing of district needs and purposes by other means under any
express or implied power and authority granted to irrigation districts.
B. No district formed under this chapter subsequent to January 1, 1970 shall have
the power to authorize, issue, deliver or sell any bonds to finance wholly or partly the
formation or development of new cities or towns. Nothing contained in this subsection is
intended to or shall be construed to authorize additional powers for or limit present
powers of districts created prior to January 1, 1970.
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