Title 14, Local Government

(a) Any county is authorized to create one (1) or more rural waterworks facilities boards and to empower each board to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, contract concerning, or otherwise deal in or dispose of, waterworks…

(a) Each board shall be created by ordinance of the quorum court. The ordinance shall give the board a name which:(1) Shall include the name of the creating county;(2) Shall be descriptive of the powers granted to the board;(3) Shall be distinctive from the name given to any othe…

(a) Each board shall consist of five (5) members unless there is an expansion of the board to provide services outside the county which created it. (b) (1) The initial members shall be appointed by the county judge of the creating county for terms of one (1), two (2), three (3), …

(a) (1) (A) The members of each board shall meet and organize by electing one (1) of their number as chairman, one (1) as vice chairman, one (1) as secretary, and one (1) as treasurer.(B) Such officers shall be elected annually thereafter in like manner.(2) The duties of secretar…

(a) (1) Each board shall meet upon the call of its chair or a majority of its members and at such times as may be specified in its bylaws for regular meetings.(2) At least annually, the board shall hold a users meeting at which time it shall accept comments and recommendations fr…

(a) Each board is authorized and empowered:(1) To have perpetual succession as a body politic and corporate and to adopt bylaws for the regulation of its affairs and the conduct of its business;(2) To adopt an official seal and alter it at pleasure;(3) To maintain an office at su…

(a) Any county may acquire facilities for a waterworks facility project or a wastewater facility project, or both, or any portion thereof, including a project site, by gift, purchase, lease, or condemnation, and may transfer any such facilities to a board created by the county by…

(a) Boards are authorized to use any available funds and revenues for the accomplishment of all or a portion of waterworks facilities projects or wastewater facilities projects, or both, and may issue bonds, as authorized by this chapter, for the accomplishment of all or a portio…

(a) (1) The issuance of bonds shall be by resolution of the board.(2) As the resolution authorizing their issuance may provide, the bonds may:(A) Be in such form and denominations;(B) Be exchangeable for bonds of another denomination;(C) Be issued in one (1) or more series;(D) Be…

(a) Bonds may be issued for the purpose of refunding any obligations issued under this chapter. Such refunding bonds may be combined with bonds issued under the provisions of § 14-238-114 into a single issue. (b) When bonds are issued under this section for refunding purposes, th…

(a) The principal of and interest on the bonds shall be payable from:(1) Revenues derived from the waterworks facilities projects or the wastewater facilities projects, or both, acquired, constructed, reconstructed, equipped, extended, or improved, in whole or in part, with the p…

(a) The resolution or indenture referred to in § 14-238-114 may, or may not, impose a foreclosable mortgage lien upon or security interest in all or any portion of the lands, buildings, or facilities acquired, constructed, reconstructed, extended, equipped, or improved, in whole …

(a) (1) In the event of a default in the payment of the principal of or interest on any bonds issued under the provisions of this chapter, any court having jurisdiction may appoint a receiver to take charge of the waterworks facilities projects or the wastewater facilities projec…

(a) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this chapter, that the bonds are obligations only of the board, and that in no event shall they constitute an indebtedness for which the faith and credit of the creating county…

Bonds issued under this chapter and the income therefrom shall be exempt from all state, county, and municipal taxes. This exemption includes income and estate taxes.

(a) It is declared that each board created pursuant to this subchapter will be performing public functions and will be a public instrumentality of the county creating the board. Accordingly, all properties at any time owned by the board and the income therefrom shall be exempt fr…

(a) Within the first ninety (90) days of each calendar year, each board shall make a written report to the quorum court of the county which created the board concerning its activities for the preceding calendar year. (b) Each report shall set forth a complete operating and financ…

(a) Each board shall annually contract with a certified public accountant to perform an audit of the board's revenues which are not pledged to outstanding bonded indebtedness. (b) The board shall furnish a copy of the audit report to the quorum court of the county which created t…

(a) If so prescribed, successor members shall be elected by a majority of members from a list of nominated candidates. (b) A candidate may be nominated by petition of twenty-five (25) users or ten percent (10%) of the number of total users as of January 1 preceding the election, …