(a) Municipalities and counties are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-265-103 and are authorized to issue revenue bonds and to use the proceeds thereof for the accomplishment of the purposes set forth in § 14-265-103 either alone or together with other available funds and revenues.
(b) The amount of bonds issued shall be sufficient to pay all costs and sums required and necessarily incidental to the accomplishment of the specified purposes and to the sale on the best possible basis and issuance of the bonds, including, without limitation, all costs and expenses of issuing the bonds, a reasonable reserve, and an amount covering interest to a date not in excess of six (6) months subsequent to the date of acquisition or the estimated date of completion, whichever is later.
Section: Previous 14-265-102 14-265-103 14-265-104 14-265-105 14-265-106 14-265-107 14-265-108 14-265-109 14-265-110 14-265-111 NextLast modified: November 15, 2016