(a) Counties and municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in ยง 14-232-103(a), including the proceeds of revenue bonds issued under the authority of this chapter, either alone or together with other available funds and revenues.
(b) The amount of revenue bonds issued shall be sufficient to pay:
(1) The cost of accomplishing the specified purposes;
(2) The cost of issuing bonds;
(3) The amount necessary for a reserve, if desirable;
(4) The amount necessary to provide for debt service on bonds until revenues for the payment thereof are available; and
(5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes.
Section: Previous 14-232-102 14-232-103 14-232-104 14-232-105 14-232-106 14-232-107 14-232-108 14-232-109 14-232-110 14-232-111 14-232-112 14-232-113 14-232-114 14-232-115 NextLast modified: November 15, 2016