Chapter 21 - Local Government Public Obligations Law
- Part 1 - General Provisions Applicable to All Bonds and Notes Issued by Local Governments
- 9-21-101 - Short title.
- 9-21-102 - Intent.
- 9-21-103 - No indebtedness limit.
- 9-21-104 - Negotiability.
- 9-21-105 - Chapter definitions.
- 9-21-106 - Rate discrimination prohibited.
- 9-21-107 - Powers of local governments.
- 9-21-108 - Governing body authorized to act by resolution Procedure for adoption of resolutions.
- 9-21-109 - Determination of costs of public works projects.
- 9-21-110 - Appointment of a fiscal agent.
- 9-21-111 - Execution of bonds and notes.
- 9-21-112 - Interim certificates.
- 9-21-113 - Deposit and custody of proceeds.
- 9-21-114 - Fees for reselling bonds or notes forbidden.
- 9-21-115 - State control of public works projects.
- 9-21-116 - Hotel and motel projects subject to tax.
- 9-21-117 - Tax exemption.
- 9-21-118 - Recital of issuance pursuant to this chapter.
- 9-21-119 - Validity of bonds and notes unaffected by certain irregularities.
- 9-21-120 - Bond and note issues validated.
- 9-21-121 - Impairment of contract.
- 9-21-122 - Authorization to cancel bonds, notes and coupons.
- 9-21-123 - Authorization to destroy bonds, notes and coupons.
- 9-21-124 - Supplementary nature Transitional provisions Interest rate agreements.
- 9-21-125 - Effectiveness and priority of pledges and liens.
- 9-21-126 - Advertisements for sale of bonds or notes.
- 9-21-127 - Bonds for certain unfunded pension obligations.
- 9-21-128 - Debt necessary to fund school building improvements, demolition or new construction.
- 9-21-129 - Proceeds to be shared among municipal or special school district systems.
- 9-21-130 - Guidelines and rules and regulations relating to contracts and agreements authorized Compliance with.
- 9-21-131 - Agreements concerning rights and remidies of parties Jurisdiction Applicable law.
- 9-21-132 - Sale of bonds at private sale by local government.
- 9-21-133 - 9-21-150. [Reserved.]
- 9-21-151 - Public entities Information concerning debt obligation issuances.
- Part 2 - General Obligation Bonds
- 9-21-201 - Authorization for the issuance of general obligation bonds.
- 9-21-202 - Sale of general obligation bonds at below par value.
- 9-21-203 - Sale of general obligation bonds Notices.
- 9-21-204 - Sale of general obligation bonds to a state or federal agency.
- 9-21-205 - Initial general obligation bond resolution.
- 9-21-206 - Publication of notice.
- 9-21-207 - When an election is necessary.
- 9-21-208 - Voluntary election.
- 9-21-209 - Election resolution.
- 9-21-210 - Eligibility to vote.
- 9-21-211 - Limitation on election contests.
- 9-21-212 - Waiting period for new election.
- 9-21-213 - Terms of general obligation bonds Citizens' bonds Interest rate agreements.
- 9-21-214 - Powers to secure and to covenant as to general obligation bonds.
- 9-21-215 - Tax resolution Levy for payment of general obligation bonds.
- 9-21-216 - Remedies of general obligation bondholders.
- Part 3 - Revenue Bonds
- 9-21-301 - Authorization for the issuance of revenue bonds.
- 9-21-302 - Sale of revenue bonds Agreements regarding dates of delivery.
- 9-21-303 - Sale of revenue bonds at below par value.
- 9-21-304 - Initial revenue bond resolution.
- 9-21-305 - Terms of revenue bonds.
- 9-21-306 - Powers to secure and to covenant as to revenue bonds.
- 9-21-307 - Revenue bonds of the same issue shall be equally and ratably secured.
- 9-21-308 - Rates, fees or charges Collection, revision and disposition.
- 9-21-309 - Recourse restricted to revenues.
- 9-21-310 - Remedies of revenue bondholders.
- 9-21-311 - Appointment of receiver on default.
- 9-21-312 - Judicial supervision of receiver.
- 9-21-313 - Duties of receiver.
- 9-21-314 - Sale of assets by receiver prohibited.
- 9-21-315 - Surrender of possession by receiver.
- 9-21-316 - Remedies cumulative Effect of abandonment or nonexercise of right or remedy.
- Part 4 - General Provisions Governing the Issuance of All Notes by Local Governments
- 9-21-401 - Applicability.
- 9-21-402 - Notes issued to finance industrial parks.
- 9-21-403 - Budget approval required by state director of local finance.
- 9-21-404 - Sanction for failure to submit the annual budget to the state director of local finance.
- 9-21-405 - Definition of
- 9-21-406 - Invalid obligations.
- 9-21-407 - Remedies of noteholders.
- 9-21-408 - Interfund loans.
- Part 5 - Bond Anticipation Notes
- 9-21-501 - Authorization for the issuance of bond anticipation notes.
- 9-21-502 - Purchase and terms of bond anticipation notes.
- 9-21-503 - Method of sale of bond anticipation notes.
- 9-21-504 - Security for bond anticipation notes.
- 9-21-505 - Approval of bond anticipation notes and application for their extension or renewal.
- Part 6 - Capital Outlay Notes
- 9-21-601 - Authorization for the issuance of capital outlay notes.
- 9-21-602 - Purchase price and terms of capital outlay notes Interest rate agreements.
- 9-21-603 - Security for capital outlay notes.
- 9-21-604 - Three-year capital outlay notes subject to periodic renewals.
- 9-21-605 - Capital outlay notes issued solely for the acquisition of a fee simple absolute interest in land.
- 9-21-606 - Application for extension or renewal of three-year capital outlay notes and capital outlay notes issued for the acquisition of land Retirement of notes.
- 9-21-607 - Method of sale of three-year capital outlay notes and seven-year capital outlay notes.
- 9-21-608 - Twelve-year capital outlay notes.
- 9-21-609 - Method of sale of twelve-year capital outlay notes.
- 9-21-610 - Application for extension or renewal of capital outlay notes issued for greater than three (3) years but not greater than twelve (12) years Renewal of notes.
- 9-21-611 - Capital outlay notes issued solely to the environmental protection agency.
- 9-21-612 - Refunding of capital outlay notes.
- Part 7 - Grant Anticipation Notes
- Part 8 - Tax Anticipation Notes
- Part 9 - General Obligation Refunding Bonds
- 9-21-901 - Authorization to issue general obligation refunding bonds.
- 9-21-902 - Determination by governing body to be conclusive.
- 9-21-903 - Plan of refunding to be submitted to the state director of local finance Publication of notice of refunding.
- 9-21-904 - Maximum amount of principal for which general obligation refunding bonds may be issued.
- 9-21-905 - Initial resolution and election requirements When required.
- 9-21-906 - Sale of general obligation refunding bonds at below par value.
- 9-21-907 - Terms of general obligation refunding bonds.
- 9-21-908 - Limitation on maturity of bonds to be refunded.
- 9-21-909 - Installment sales and exchanges.
- 9-21-910 - Sale of general obligation refunding bonds Notices Agreement to sell.
- 9-21-911 - Sale of general obligation refunding bonds to a state or federal agency.
- 9-21-912 - Notice of refunding.
- 9-21-913 - Notice of redemption.
- 9-21-914 - Application of proceeds of sale of general obligation refunding bonds.
- 9-21-915 - Powers to secure and to covenant as to general obligation refunding bonds.
- 9-21-916 - Remedies of general obligation refunding bondholders.
- 9-21-917 - [Transferred.]
- Part 10 - Revenue Refunding Bonds
- 9-21-1001 - Authorization to refinance and to issue revenue refunding bonds.
- 9-21-1002 - Determination by governing body to be conclusive.
- 9-21-1003 - Plan of refunding to be submitted to the state director of local finance.
- 9-21-1004 - Maximum amount of principal for which revenue refunding bonds may be issued.
- 9-21-1005 - Sale of revenue refunding bonds at below par value.
- 9-21-1006 - Terms of revenue refunding bonds Interest rate agreements.
- 9-21-1007 - Limitation on maturity of bonds to be refunded.
- 9-21-1008 - Sale or exchange of revenue refunding bonds Agreements to sell.
- 9-21-1009 - Installment sales or exchanges.
- 9-21-1010 - Notice of refunding.
- 9-21-1011 - Notice of redemption.
- 9-21-1012 - Application of proceeds of sale of revenue refunding bonds.
- 9-21-1013 - Powers to secure and to covenant as to revenue refunding bonds.
- 9-21-1014 - Revenue refunding bonds of the same issue shall be equally and ratably secured.
- 9-21-1015 - Rates prescribed sufficient to produce sufficient revenues.
- 9-21-1016 - Recourse restricted to revenues.
- 9-21-1017 - Remedies of revenue refunding bondholders.
- Part 11 - Health Care Revenue Anticipation Notes