§206E-105  Revenue bonds; interest rate,price, and sale.  (a)  The revenue bonds shall bear interest at a rate orrates payable monthly, quarterly, or semi-annually.

(b)  The authority shall include the costs ofundertaking and maintaining the reserved housing loan programs for which therevenue bonds are issued in determining the cost of undertaking and maintainingthe reserved housing loan programs, the authority may include the cost ofpurchasing or funding loans or other agreements entered into for the reservedhousing loan programs; the costs of studies and surveys; insurance premiums;underwriting fees; financial consultant, legal, accounting, and marketingservices incurred; reserve account, trustee, custodian, and rating agency fees;and interest on the bonds for a period not to exceed one year from the date ofissuance.

(c)  The revenue bonds may be sold at public orprivate sale, and for a price as may be determined by the authority to be inthe best interest of the State.

(d)  Section 39-65 shall not apply to revenuebonds issued for the purpose of undertaking and maintaining any of the reservedhousing loan programs as permitted by this part.  The legislature consents tothe taxation by the United States of interest on revenue bonds issued for thepurpose of undertaking and maintaining any of the reserved housing loanprograms as permitted by this part. [L 1982, c 228, pt of §8]

 

Revision Note

 

  Section "39‑65"substituted for "39‑61".