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CHAPTER 49-39

CONSUMERS POWER DISTRICT BORROWING AND INDEBTEDNESS

49-39-1      Authority to borrow--Funds available for repayment--Security for loan.
49-39-2      Pledging revenues as security for borrowing.
49-39-3      Resolution specifying particular revenues pledged.
49-39-4      Refunding of indebtedness--Issuance of refunding securities--Disposition of proceeds.
49-39-5      Payment of pledged revenues into special fund--Use of revenues--Designation of depository.
49-39-6      Sale of bonds.
49-39-6.1      Issuance of variable rate obligations--Authorization by resolution--Scope.
49-39-6.2      Enhancement of security for variable rate obligations--Credit agreements--Payment of costs.
49-39-7      Agreement with bondholders respecting charges for electricity.
49-39-8      Pledging revenues to secure federal indebtedness--State not liable.
49-39-9      Default on bonds--Operation of district by creditors--Priority of payment--Restoration of district to control.
49-39-10      Default on bonds--Court appointment of receiver--Authority of receiver to operate district--Discharge of receiver and return of district to control.
49-39-11      Pledges of revenues and refunding securities--Validation--Retroactive application.


Back to Title 49