The board may issue and sell at public or private sale enhanced 911 bonds to refund outstanding enhanced 911 bonds and other bonds payable from the enhanced 911 fund by exchange, immediate or prospective redemption, cancellation or escrow, including the escrow of debt service funds accumulated for payment of outstanding bonds, or any combination thereof, when, in its opinion, such action will be beneficial to the state.
History: Laws 1990, ch. 61, § 7; 1992, ch. 102, § 4; 2001, ch. 110, § 18; 2005, ch. 203, § 12.
The 2005 amendment, effective July 1, 2005, deleted former Subsection B, which provided that no enhanced 911 bonds that are secured by enhanced 911 revenues or database surcharge revenues shall be refunded by enhanced 911 bonds and that no enhanced 911 bonds that are secured by wireless enhanced 911 revenues shall be refunded by enhanced 911 bonds that are secured by enhanced 911 revenues or network and database surcharge revenues.
The 2001 amendment, effective July 1, 2001, substituted the present Subsection B for former Subsections B and C, which contained provisions for the use of the level savings method of advance refunding when performing advanced refunds, and prohibiting the refund of bonds past their maturity dates, respectively.
The 1992 amendment, effective March 10, 1992, substituted "board" for "state board of finance" near the beginning of Subsections A and B; and substituted "enhanced 911 fund" for "enhanced 911 bond fund" near the middle of Subsection A.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.