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  6. Title 49 - Public Utilities...
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  8. Chapter 39 - Consumers Power District Borrowing...


Chapter 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.
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