Title 53B Chapter 21

Title 53BState System Of Higher Education (Download: PDF | RTF | WordPerfect)
Chapter 21Revenue Bonds (Download: PDF | RTF | WordPerfect)
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Section 101 Financing of projects or buildings -- Issuance of bonds -- Sale price determined by board -- Payment of bonds -- Bonds exempt from income taxation.
Section 102 Bonds do not create state indebtedness -- Special obligations -- Discharge of bonded indebtedness -- Agreements and covenants by the board regarding bonds -- Enforcement by court action.
Section 103 Agreements with federal government for funds.
Section 104 Deposit of bond proceeds -- State Building Board responsibilities -- Approval of Division of Facilities Construction and Management.
Section 105 Disposition and use of income from operation of buildings -- Payment of principal and interest on bonds.
Section 106 Examination and certification of bonds by attorney general -- Recital of certification -- Incontestability of bonds.
Section 107 Investment in bonds by private and public entities -- Approval as collateral security.
Section 108 Financing project by contract or lease agreement instead of by bond issue -- Authority of board -- Term of lease -- Terms of agreement -- Board covenants.
Section 109 Student building fees.
Section 110 Refunding bonds -- Issuance -- Proceeds -- Limitations.
Section 111 Authorized loans for acquisition, construction, furnishing, and equipping of projects -- Evidence of indebtedness -- Provisions -- Agreements with lending institutions -- Satisfaction and discharge -- Exemption from taxation.
Section 112 Financing projects and buildings -- Security instruments -- Terms.
Section 113 Limitation on issuance of bonds.
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