ECONOMIC DEVELOPMENT FINANCE AUTHORITY
1-16B-1 Definition of terms.
1-16B-3 Development project defined.
1-16B-4 Cost of establishing a development project defined.
1-16B-6 Enterprise defined.
1-16B-7 Finance authority created.
1-16B-8 Board of directors--Appointment of members.
1-16B-9 Quorum of board--Action by majority present.
1-16B-10 Commissioner as chief administrative officer.
1-16B-11 Staff services to authority--Funds from which expenses paid.
1-16B-12 Transfer of income from capital reserve fund to a general account--Continuous appropriation for purposes of chapter.
1-16B-14 Powers of authority.
1-16B-14.1 Exemption of documentary material and data involving trade secrets, etc., from disclosure--Consideration by authority in executive session.
1-16B-15 Power to issue notes and bonds--Maximum outstanding.
1-16B-16 Issuance, renewal, payment, and refunding of notes and bonds--Application of proceeds of refunding bonds.
1-16B-17 Notes and bonds as general obligations of authority--Funds from which payable.
1-16B-18 Terms of notes and bonds--Maturity--Interest--Registration--Redemption--Sale.
1-16B-19 State pledge not to impair powers of authority--Inclusion in terms of notes or bonds.
1-16B-20 Obligations payable only from assets of authority--Statement on face of obligations.
1-16B-21 Repurchase and cancellation of notes and bonds--Maximum price paid.
1-16B-22 Issuance of refunding obligations--Terms governed by chapter.
1-16B-23 Disposition of refunding obligations--Application or investment of proceeds.
1-16B-24 Bonds and notes as legal investments for public and fiduciary funds.
1-16B-25 Appointment of trustee on default in payment of bonds or notes.
1-16B-26 Trustee's powers in protection of bondholders or noteholders.
1-16B-27 Notice required of trustee before declaring principal due.
1-16B-28 Incidental powers of trustee.
1-16B-29 Capital reserve fund required--Moneys paid in.
1-16B-30 Amounts required in capital reserve fund.
1-16B-31 Application of capital reserve fund--Transfer of income.
1-16B-32 Bonds and notes not issued when capital reserve below required amount.
1-16B-33 Annual budget estimate for restoration of capital reserve fund--Governor's budget--Application of appropriated funds.
1-16B-34 Establishment of loan funds--Investment.
1-16B-35 Cooperation with local agencies.
1-16B-36 Determination of desirability of development projects.
1-16B-37 Power to make loans to local agencies--Repayment provisions.
1-16B-38 Maximum loan to local agency--Vote required for approval.
1-16B-40 Application by local agency for loan--Contents.
1-16B-41 Loans made only when other loans not available.
1-16B-42 Preference to projects for processing raw materials produced in state.
Maximum percentage of cost loaned to local agency--Assurances as to other financing. 1-16B-44
Adjustment of local funding requirements when federal agency participates--Subordination to mortgage held by federal agency. 1-16B-45
Pledge to United States not to impair powers of authority. 1-16B-46
Terms of loan to local agency--Subordination to other loans. 1-16B-47
Foreclosure to take title to development project--Sale or lease. 1-16B-48
Annual reports of authority--Contents. 1-16B-49
Cumulative rights and powers of authority. 1-16B-50
Annual action plan--Annual informational report. 1-16B-51
Issuance of bonds and obligations--Additional proceedings not required--Transferred rights, powers, privileges, and functions supplementary--Liberal construction. 1-16B-53
Preferred development project defined. 1-16B-54
Direct mortgage loans for preferred development projects. 1-16B-55
Authority may contract to manage payment or interest rate risk for bonds.
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