Title 30, Title 30: Public Service

§ 5014. Acquisition of property The Authority may acquire real property, or any interest in it, by eminent domain in accordance with the provisions of sections 110 through 124 of this title; provided, however, that: (1) No property already appropriated to public use shall be so t…

§ 5015. Tax exemption (a) All bonds or notes issued under this chapter are issued by a body corporate and politic of this State and for an essential public and governmental purpose. Those bonds and notes, and the interest on them and the income from them, including any profit on …

§ 5016. Rules and rates (a) The Authority may make and enforce rules that it deems necessary or desirable. It may establish, levy, and collect or may authorize by contract, franchise, lease, or otherwise, the establishment, levying, and collection of rents, rates, and other charg…

§ 5017. Powers of municipalities A municipality may by resolution of its legislative body enter into contracts with the Authority for the purchase, sale, exchange, or transmission of electric energy and other services, on such terms and for such period of time as the resolution m…

§ 5018. Construction contracts The Authority may contract for the planning, acquisition, construction, operation, maintenance, repair, extension, and improvement of any project, or may contract with other public or private owners of any project to perform these functions, without…

§ 5031. Bonds and notes (a)(1) The Authority may issue its negotiable notes and bonds in such principal amount as the Authority determines to be necessary to provide sufficient funds for achieving any of its corporate purposes, including the payment of interest on notes and bonds…

§ 5032. Refunding obligations; issuance The Authority may provide for the issuance of refunding obligations for the purpose of refunding any obligations then outstanding that have been issued under the provisions of this chapter, including the payment of any redemption premium on…

§ 5033. Refunding obligations; sale Refunding obligations issued as provided in section 5032 of this title may be sold or exchanged for outstanding obligations issued under this chapter and, if sold, the proceeds from them may be applied, in addition to any other authorized purpo…

§ 5034. Remedies of bondholders and noteholders (a) In the event that the Authority defaults in the payment of principal or of interest on any bonds or notes issued under this chapter after they become due, whether at maturity or upon call for redemption, and the default continue…

§ 5035. Pledge of the State The State does hereby pledge to and agree with the holders of the notes and bonds issued under this chapter that the State will not limit or restrict the rights hereby vested in the Authority to perform its obligations and to fulfill the terms of any a…

§ 5036. Credit of State and members of Authority not pledged Obligations issued under the provisions of this chapter shall not be deemed to constitute a debt or liability or obligation of the State or of any political subdivision of it or of any member of the Authority, nor shall…

§ 5037. Notes and bonds as legal investments Notwithstanding any other law, the State and all public officers, governmental units, and agencies of the State, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations,…

§ 5038. Annual reports; audit (a) On or before the last day of January in each year, the Authority shall submit a report of its activities for the preceding calendar year to the Governor, the Public Utility Commission, and the General Assembly. Each report shall set forth a compl…

§ 5039. Liberal construction Neither this chapter nor anything contained in this chapter is or shall be construed as a restriction or limitation upon any powers that the Authority might otherwise have under any laws of this State, and this chapter is cumulative to any such powers…

§ 5040. Public Utility Commission jurisdiction Notwithstanding any other provision of this chapter, the Authority shall be subject to the regulatory jurisdiction of the Public Utility Commission, insofar as provided in this title. (Added 1979, No. 78, § 3.)

§ 5041. Inconsistent provisions in other laws superseded Insofar as the provisions of this chapter are inconsistent with the provisions of any special act or any municipal charter, the provisions of this chapter shall be controlling. (Added 1979, No. 78, § 3.)