Title 11, Title 11: Cities, Counties, and Local Taxing Units

11-25-13. Challenge of program, plan, or area -- Limitation. Any action challenging the legality of a comprehensive residential rehabilitation financing program, the selection of a residential rehabilitation area, or the adoption of a plan for public improvements for a residentia…

11-25-14. Trust to secure bonds -- Contents of agreement or bond resolution -- Indemnity bonds or securities -- Expenses of trust. In the discretion of the agency, any bonds issued under the provisions of this part may be secured by a trust agreement by and between the agency and…

11-25-15. Proceedings for enforcement of rights of bondholders and trustees. Any holder of bonds issued under the provisions of this part or any of the coupons appertaining thereto, and the trustee or trustees appointed pursuant to any resolution authorizing the issuance of the b…

11-25-16. Refunding bonds -- Issuance -- Proceeds -- Investments. (1) The agency may provide for the issuance of the bonds of the agency to: refund any outstanding bonds of the agency; pay any redemption premiums and any interest accrued or to accrue to the earliest or subsequent…

11-25-17. Residential rehabilitation bonds as investments or deposits. Notwithstanding any other provisions of law, bonds issued pursuant to this part shall be legal investments for all trust funds, the funds of insurance companies, savings and loan associations, investment compa…

11-25-18. Financing provided to participating parties -- Agreements -- Contents. The agency may provide financing to any participating party for the purpose of residential rehabilitation authorized pursuant to a comprehensive residential rehabilitation financing program. All agre…

11-25-19. Loan agreements with participating parties -- Contents -- Rates, fees, and charges -- Purposes. The agency may enter into loan agreements with any participating party relating to residential rehabilitation of any kind or character. The terms and conditions of the loan a…

11-25-2. Legislative findings -- Liberal construction. The Legislature finds and declares that it is necessary for the welfare of the state and its inhabitants that community reinvestment agencies be authorized within cities, towns or counties, or cities or towns and counties to …

11-25-20. Money received as trust funds -- Depository as trustee. All money received pursuant to the provisions of this part, whether proceeds from the sale of bonds or revenues, shall be deemed to be trust funds to be held and applied solely as provided in this part. Any bank or…

11-25-21. Act deemed supplemental to other laws -- Compliance in issuing bonds sufficient. This act shall be deemed to provide a complete, additional, and alternative method for doing the things authorized thereby, and shall be regarded as supplemental and additional to the power…

11-25-3. Definitions. As used in this chapter: (1) "Agency" means a community reinvestment agency functioning pursuant to. Title 17C, Limited Purpose Local Government Entities - Community Reinvestment Agency Act (2) "Bonds" mean any bonds, notes, interim certificates, debentures,…

11-25-4. Location and character of rehabilitation -- Financial assistance. An agency may determine the location and character of any residential rehabilitation to be financed under the provisions of this part and may lend financial assistance to any participating part for the pur…

11-25-5. Bonds or notes -- Issuance -- Purposes -- Payment -- Maturity of bond anticipation notes. An agency may, from time to time, issue its negotiable bonds or notes for the purpose of financing residential rehabilitation as authorized by this act and for the purpose of fundin…

11-25-6. Fees, charges and interest rates -- Contract for collections -- Security -- Payment -- Assignments. The agency may fix fees, charges, and interest rates for financing residential rehabilitation and may from time to time revise these fees, charges, and interest rates to r…

11-25-7. Expenditures for services and advisers. The agency may employ engineering, architectural, accounting, collection, or other services, including services in connection with the servicing of loans made to participating parties, as may be necessary in the judgment of the age…

11-25-8. General powers of agency. In addition to all other powers specifically granted by this part, the agency may do all things necessary or convenient to carry out the purposes of this act.

11-25-9. Bonds payable solely from revenues -- Cities, towns, and counties not obligated. Revenues shall be the sole source of funds pledged by the agency for repayment of its bonds. Bonds issued under the provisions of this part may not be deemed to constitute a debt or liabilit…