PART IV. 
REVENUE BONDS FOR PUBLIC FACILITY PROJECTS



 



§206E-151  Findings and declarations. 
The legislature finds and declares that the health, safety, and general welfare
of the people of the State require that every opportunity be taken to assist
the redevelopment of community development districts; that the redevelopment
and revitalization of these districts will alleviate community needs for
employment, housing, parks, open space, and commercial and industrial
facilities; that a significant deterrent to redevelopment is the cost of public
facilities; that interest rates on moneys necessary to finance such public
facilities add significantly to the cost of such facilities and that more
favorable interest rates would be available through the issuance of tax-exempt
bonds; and that the availability of revenue bonds to finance the cost of public
facilities will facilitate redevelopment of community development districts.



The legislature further finds that the powers
conferred, the issuance of revenue bonds, and the expenditure of public moneys
under this part constitute a serving of a valid public purpose, and that this
enactment is in the public interest and is so declared as an express
legislative determination. [L 1985, c 268, pt of §1; am L 1993, c 311, §5]