§49-3  Additional powers of counties.  (a) In addition to the powers that it may now have, any county under this chaptermay:

(1)  Construct, acquire by gift, purchase, or theexercise of the right of eminent domain, reconstruct, improve, better, or extendany undertaking, within or without the county, or partially within or partiallywithout the county, and acquire by gift, purchase, or the exercise of the rightof eminent domain, lands or rights in land or water rights in connection withthe land rights or undertake the establishment and administration of a loanprogram as authorized by the law;

(2)  Operate and maintain any undertaking and maintaina loan program as authorized by law and furnish the services, facilities, andcommodities thereof for its own use and for the use of public and privateconsumers within or without the territorial boundaries of the county;

(3)  Issue its revenue bonds to finance in whole or inpart the cost of the acquisition, purchase, construction, reconstruction,improvement, betterment, or extension of any undertaking or the establishmentand administration of any loan program as authorized by law;

(4)  Impose, prescribe, and collect rates, rentals,fees, and charges for the use and services of, and the facilities and commoditiesfurnished by, the undertaking or the use and services of the loan program asauthorized by law, as provided in section 49-10; and

(5)  Pledge to the punctual payment of the revenuebonds and interest thereon or covenant to pay into any special funds from whichany revenue bonds may be payable, all or any portion of the revenue of theundertaking or loan program or of any part thereof, or the user taxes derivedtherefrom, or any combination of both (including improvements, betterments, orextensions thereto thereafter constructed or acquired) sufficient, among otherthings, to pay the revenue bonds and interest thereon as the same shall becomedue and create and maintain reasonable reserves therefor.

(b)  The governing body of the county indetermining the cost may include:

(1)  All costs and estimated costs of the issuance ofthe revenue bonds;

(2)  All architectural, engineering, inspection,financial, and legal expenses;

(3)  All costs of establishing or administering a loanprogram authorized by law;

(4)  The cost of causing the payment of the principalor interest or both of the revenue bonds to be insured or guaranteed;

(5)  The initial cost of any support facility obtainedas permitted by section 49-8; and

(6)  Interest that is estimated will accrue on thebonds during the construction or origination period and for six monthsthereafter.

(c)  Subject to the approval of the governingbody, or in counties with a population of five hundred thousand or more ifauthorized by a county charter to issue revenue bonds in its own name, a boardmay exercise all or any part of the powers vested in the county pursuant tothis chapter but only with respect to an undertaking or loan program under thejurisdiction of the board.  In the event a board exercises any of the powersvested in the county pursuant to this chapter, the term governing body as usedin this chapter shall be deemed to mean the board, and the term director offinance shall be deemed to mean the chief financial officer of the board. [L1989, c 80, pt of §3; am L Sp 2009, c 31, §1]

 

Revision Note

 

  Section"49-8" substituted for "47-8".