92 of 2005 - School Bond Qualification, Approval, and Loan Act (388.1921 - 388.1939)

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  4. 92 of 2005 - School Bond Qualification, Approval, and Loan Act (388.1921 - 388.1939)

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Section
388.1921

Short Title.

Section
388.1922

Purpose of Act.

Section
388.1923

Definitions.

Section
388.1924

Qualification of New Bonds; Terms and Conditions Applicable to Outstanding Qualified Bonds; Application for Prequalification.

Section
388.1925

Preliminary Qualification; Application.

Section
388.1926

Prequalification of Bonds; Determination by State Treasurer.

Section
388.1927

Qualification of Bonds; Determination by State Treasurer; Order; Specifications; Loan Agreement; Failure to Issue Bonds Within Certain Time; Reapplication; Qualification of Refunding Bonds.

Section
388.1928

Submission of Ballot to Electors; Ballot.

Section
388.1929

Amount of Borrowing; Limitation; Payment Date for Outstanding Qualified Loans; Order; Maintenance of Separate Accounts for Each School District; Duration of Millage Levy; Amended and Restated Repayment Agreements; Waiver of Portion of Millage Levy; Findings; Interest; Final or Later Mandatory Repayment Date.

Section
388.1930

Certificates of Qualification or Approval; File; Delivery.

Section
388.1931

Rules; Bulletins.

Section
388.1932

Failure to Apply for Prequalification, Qualification, or Approval of Bond Before Issuance.

Section
388.1933

School District Owing Revolving Loan Fund; Filing Annual Loan Activity Application Required; Borrowing for Debt Service on Qualified Bonds; Draw Request; Duties of State Treasurer Upon Receipt of Qualified Loan Confirmation; Notification of No Need to Borrow by School District; Invoice for Repayment Amount; Remittance.

Section
388.1934

Failure of School District to Pay Principal and Interest Due on Qualified Bonds; Notice; Payment by State Treasurer; Billing of School District for Amount Paid; Remittance.

Section
388.1935

Default; Repayment.

Section
388.1936

Charging and Disposition of Fees.

Section
388.1937

False Statement or Unauthorized Use of Proceeds; Violation as Felony; Penalty.

Section
388.1938

Use of Remaining Proceeds.

Section
388.1939

Actions by Designee.