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1-16A HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
CHAPTER 1-16A

HEALTH AND EDUCATIONAL FACILITIES AUTHORITY

1-16A-1      Legislative findings and intent.
1-16A-2      Definition of terms.
1-16A-2.1      Community defined.
1-16A-3      Authority created--Public function.
1-16A-3.1      Authority continued within Bureau of Finance and Management--Records and reports.
1-16A-4      Appointment of members of authority--Qualifications.
1-16A-5      Terms of office of members--Vacancies.
1-16A-6      Business interests not disqualifying for membership--Abstention where conflict of interest.
1-16A-7      Annual election of chairman and vice-chairman.
1-16A-8      Meetings open to public--Notice--Resolutions not published.
1-16A-9      Quorum of authority--Vote required for action.
1-16A-10      Expenses of members of authority.
1-16A-11      Removal of member from authority.
1-16A-12      Executive director and associate--Compensation.
1-16A-13      Employment of consultants and agents--Compensation.
1-16A-14      Surety bonds required--Payment of cost.
1-16A-15      Corporate powers of authority.
1-16A-15.1      Authority to approve financing of facilities in the state by out-of-state issuers-Public hearing.
1-16A-16      Delegation of powers and duties.
1-16A-17      Records maintained by authority--Certified copies.
1-16A-17.1      Informational budget required.
1-16A-18      Acceptance of loans and gifts.
1-16A-19      Investment of surplus funds--Maturity of securities--Manner of investment.
1-16A-20      Location, construction, operation and maintenance of facilities--Designation of agent.
1-16A-21      Acquisition of property--Title taken.
1-16A-22      Restrictions of other laws not applicable.
1-16A-23      Public works laws not applicable--Competitive bidding not required.
1-16A-24      Mortgages for security of bondholders.
1-16A-25      Operation of facilities restricted to leasing.
1-16A-26      Leasing of facilities--Terms of lease--Option to purchase.
1-16A-27      Duration of leases--Rentals required.
1-16A-28      Establishment of rents and charges.
1-16A-29      Rules and regulations for use of facilities.
1-16A-30      Laws and ordinances applicable to facilities.
1-16A-31      Loans to participating institutions--Maximum amount.
1-16A-32      Refunding loans to participating institutions--Findings required.
1-16A-33      Initial planning service fee to accompany applications.
1-16A-34      Annual planning service fee payable to authority.
1-16A-35      Purpose of planning service fees--Agencies used in planning.
1-16A-36      Planning services and surveys obtained from other agencies.
1-16A-37      Proration of planning service fees between institutions.
1-16A-38      Issuance and refunding of bonds and obligations.
1-16A-39      Terms and form of bonds issued.
1-16A-40      Sale of bonds--Expenses of issuance.


1-16A-41      Negotiability of bonds.
1-16A-42      Bonds payable only from revenues.
1-16A-43      Pledge of revenues to secure bonds.
1-16A-44      Pledge continuing until bonds paid.
1-16A-45      Maintenance, rental and funding agreements in bond resolution.
1-16A-46      Pooling of leases for pledge of revenues.
1-16A-47      Bond redemption privileges retained.
1-16A-48      Additional bonds for facilities or HEAL loans--Protection of prior bondholders.
1-16A-49      Remedies of bondholders on default.
1-16A-50      General obligation not created by issuance of bonds--Tax levy not promised.
1-16A-51      State debt not created--Disclaimer in bonds.
1-16A-52      Pledge of full faith and credit of authority or institution.
1-16A-52.1      Financing through federally guaranteed securities authorized.
1-16A-52.2      Commitments and agreements for financing through federally guaranteed securities.
1-16A-52.3      Bonds not to exceed cost of facility--Expenses included--Terms and sale of bonds.
1-16A-52.4      Title to facility financed through federally guaranteed securities--Mortgage--Lease prohibited.
1-16A-52.5      Return of securities to issuer when provision made for payment.
1-16A-53      Refunding bonds authorized--Amount.
1-16A-54      Methods of refunding--Maturity dates.
1-16A-54.1      Bond issue authorized to refund securities of participating institution.
1-16A-54.2      Amount and terms of securities purchased--Mortgage--Insurance and guaranties.
1-16A-54.3      Pledge of securities to secure bonds--Income used for payment--Maximum principal--Bonds subject to other provisions of chapter.
1-16A-54.4      Title of financed facility to remain in participating institution--Mortgage--Lease prohibited.
1-16A-55      Bonds of authority as legal investments.
1-16A-56      Conveyance of facility to participating institution when debt paid.
1-16A-56.1      Conveyance provisions inapplicable to refinanced facility--Return of securities when bonds paid or payment provided for.
1-16A-57      Expenses paid from authority funds--Borrowing for initial operation.
1-16A-58      Tax exemption of authority.
1-16A-59      Securities regulation.
1-16A-60      Additional proceedings not required--Police power reserved.
1-16A-61      Powers supplementary.
1-16A-62      Powers under other law unimpaired.
1-16A-63      Liberal construction of chapter.
1-16A-64      Short title of chapter.
1-16A-65      Health education assistance loan program established.
1-16A-66      Health education assistance loan program--Powers of authority.
1-16A-67      Health education assistance loan program--Funding of HEAL loan purchases by bonds, notes or other obligations of authority.
1-16A-68      Health education assistance loan program--Payment of bonds.
1-16A-69      Health education assistance loan program--Security for principal and interest of bonds.
1-16A-70      Health education assistance loan program--Repayment fund created.
1-16A-71      Repealed.
1-16A-71.1      Repealed.
1-16A-72      Repealed.
1-16A-72.1      Repealed.
1-16A-73      Repealed.
1-16A-73.1 to 1-16A-73.12. Repealed.
1-16A-73.13 to 1-16A-73.19. Repealed.
1-16A-73.20 to 1-16A-73.27. Repealed.
1-16A-74      Power to act as public instrumentality.
1-16A-74.1      Establishment of funding program for financing of property by public bodies--Assistance--Pledging of payments--Compliance with statutory limitations.
1-16A-75      Funding program for purchase of notes--Issuance of bonds or notes.
1-16A-76      Jurisdiction of federal bankruptcy courts--Written contracts concerning bonds or notes enforceable.
1-16A-77      Repealed.
1-16A-78      Authority to issue education savings bonds.
1-16A-79      Criteria for issuance of education savings bonds.
1-16A-80      Additional criteria for issuance of education savings bonds.
1-16A-81      Discounted sale of education savings bonds--Interest--Payment at maturity.
1-16A-82      Sale of education savings bonds--Computation of aggregate principal.
1-16A-83      Plan of implementation for issuance and sale of education savings bonds.
1-16A-84      Designation by authority required for education savings bonds.
1-16A-85      Pool arrangement defined.
1-16A-86      Authority as funding authority for pool arrangement.
1-16A-87      Program for issuance of bonds or certificates of participation that constitute debt of participating agencies--Secured for payment by proceeds of irrepealable tax levies.
1-16A-88      Bonds or certificates of participation not secured for payment by proceeds of irrepealable tax levies.
1-16A-89      Credit enhancement obligation--Conditions.
1-16A-90      Agreements with other entities involving credit enhancement obligations.
1-16A-91      Issued indebtedness for accounts receivable program.
1-16A-92      Authority may contract to manage payment or interest rate risk for bonds.
1-16A-93      Required determination by Board of Technical Education for proposed issuance of obligations.
1-16A-94      Promulgation of rules establishing forecasting methodology.
1-16A-95      Legislative approval required for issuance of additional obligations.
1-16A-96      Appropriation for payments pursuant to lease purchase agreements--Agreement dated August 1, 1988 ratified.
1-16A-97      Procedures to facilitate school district issuance of capital outlay certificates and terms for lease purchase agreements secured by pledge of state aid to education funds.
1-16A-98      State not liable for capital outlay certificates and lease purchase agreements sponsored by authority or secured by pledge of state aid to education.
1-16A-99      Contracts made by school district, state, or authority not to be impaired.


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