Title 35 — Public Finances

For the purposes of this article: 1. "Federal bankruptcy statute" means the act of Congress entitled, "An act to establish a uniform system of bankruptcy throughout the United States," approved July 1, 1898, as amended or supplemented. 2. "Taxing district" means a "taxing distric…

All powers granted by this article to taxing districts may be exercised by such districts, or, if such districts have no officers of their own, may be exercised by the officers who have the authority to contract on behalf of such districts, or to levy special assessments or speci…

Any taxing district in this state is authorized to file the petition provided for in the federal bankruptcy statute and to incur and pay the expenses thereof and any and all other expenses necessary or incidental to the consummation of the plan of readjustment contemplated in suc…

Before the filing of the petition referred to in section 35-603, the taxing district shall adopt a resolution authorizing the filing thereof and authorizing its duly and regularly elected or appointed attorney, or special counsel appointed for such purpose, to file the petition a…

Any taxing district is authorized and empowered to take any and all action necessary to carry out any plan of readjustment contemplated in the petition, or as such petition is modified from time to time, subject only to the provisions of the constitution of this state, any other …

No final decree or order of the United States district court confirming a plan of readjustment shall be effective for the purpose of binding the taxing district unless and until the taxing district files with the court a certified copy of a resolution of such taxing district, ado…

A. Upon filing a certified copy of the resolution as provided by section 35-606, the taxing district may consummate the plan of readjustment, and in doing so, shall have the following powers and duties: 1. To cancel in whole or in part, or remit or reduce, the monies payable unde…

This article shall not affect any other law covering the same subject matter, or apply to any proceedings thereunder, but is intended to and does provide, among other matters, an alternative system for refunding bonds pursuant to the provisions of, and in conjunction with, the fe…