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Section 11-62-1 - Definitions. - (a) The following words and phrases used in this chapter,...
Section 11-62-2 - Legislative Findings and Declarations. - It is hereby found and declared as follows: There exists...
Section 11-62-3 - Application for Authority to Form Corporation; Adoption of Resolution by Governing Body Authorizing Incorporation; Execution, Acknowledgement, Filing, Recordation and Contents of Certificate of Incorporation; Effect of Granting of A... - (a) By proceeding in the manner set forth herein, any...
Section 11-62-4 - Amendment of Certificate of Incorporation. - (a) The certificate of incorporation of any authority may at...
Section 11-62-5 - Board of Directors. - (a) Every authority shall be governed by a board of...
Section 11-62-6 - Officers. - The officers of an authority shall consist of a chairman,...
Section 11-62-7 - Powers of Authority Generally; Operation of Facilities by Authority. - (a) Every authority shall have all of the powers necessary...
Section 11-62-8 - Bonds and Notes Generally - Form, Terms, Denominations, etc.; Execution, Sale, Delivery, Redemption, etc.; Security for Payment of Principal or Interest; Remedies Upon Default; Liability of Municipalities, Board, etc., Thereupon. - (a) Any authority shall have power to issue from time...
Section 11-62-9 - Bonds and Notes Generally - Notice of Resolution Authorizing Issuance of Bonds or Notes; Limitation Period for Actions, etc., as to Validity of Proceedings for Issuance of Bonds. - (a) Upon the adoption by the board of any authority...
Section 11-62-10 - Refunding Bonds and Notes. - (a) Any authority may issue refunding bonds or notes for...
Section 11-62-11 - Investment in Bonds and Notes by State, Counties, Municipalities, Etc. - The notes and bonds of any authority shall be legal...
Section 11-62-12 - Establishment and Maintenance of Special Debt Service Reserve Funds, Etc. - Any authority may establish and maintain one or more special...
Section 11-62-13 - Limitations as to Operation of Facilities - Administration or Management of Facilities by Third Parties Under Employment Arrangements or Management Contracts. - (a) The user of any facility acquired, improved, financed, or...
Section 11-62-14 - Limitations as to Operation of Facilities - Use of Facility for Promotion of Sectarian Purposes, Advancement, or Inhibition of Religious Activities, Etc. - The purpose of this chapter is to encourage private not-for-profit...
Section 11-62-15 - Disposition of Net Earnings of Authority. - Every authority shall be a not-for-profit public corporation and no...
Section 11-62-16 - Loans, Sales, Grants, etc., of Money, Property, etc., to Authority by Counties, Municipalities, Public Corporations, Etc. - For the purpose of attaining the objectives of this chapter,...
Section 11-62-17 - Authority and Procedure for Dissolution of Authority; Vesting of Title to Assets and Properties of Authority Upon Dissolution of Authority; Effect of Dissolution of Authority Upon Formation of Other Such Authorities. - (a) At any time when any authority does not have...
Section 11-62-18 - Exemptions of Authority - Taxation. - (a) Every authority shall exercise its powers in all respects...
Section 11-62-19 - Exemptions of Authority - Usury and Interest Laws. - Any authority and all contracts made by it shall be...
Section 11-62-20 - Exemptions of Authority - Competitive Bid Laws. - Any authority and all contracts made by it shall be...
Section 11-62-21 - Construction of Chapter. - This chapter shall be construed liberally to effect its purposes...