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CHAPTER 9-54

ECONOMIC DEVELOPMENT PROJECTS

9-54-1      Purpose of chapter.
9-54-2      Power to issue bonds, acquire or construct projects and enter revenue agreements--Location of projects.
9-54-2.1      Power to issue revenue bonds, purchase or discharge debt of nonprofit corporation operating health care or housing facility and enter revenue agreements--Location of project.
9-54-2.2      Restriction on use of bonds for elderly housing projects.
9-54-3      "Revenue bonds" defined.
9-54-3.1      "Revenue agreement" defined.
9-54-4      Costs to be covered by bonds--Authorization, issuance and sale of bonds.
9-54-5      Amount of bond issue limited by costs.
9-54-6      Bonds not general obligations nor payable by taxation--Recitals in bonds.
9-54-7      Mortgage of project and pledge of revenues to payment of bonds--Trust funds--Other covenants and agreements.
9-54-8      Lease or sale payments sufficient to pay bonds and costs--Payments in lieu of property taxes.
9-54-8.1      Lease with option to purchase--Title acquired before bonds retired--Pledge for payment of bonds.
9-54-9      Municipal obligations restricted by contractual payments from facilities.
9-54-10      County and sanitary district powers.
9-54-11      Municipal joint or cooperative agreements.
9-54-12      Compliance with federal requirements for tax exemption.


Back to Title 9