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Title VI COUNTY, TOWNSHIP AND POLITICAL SUBDIVISION GOVERNMENT

  Chapter 67back to chapter 67

  67.2830.  Issuance of bonds. — 1.  A clean energy development board may issue bonds payable from special assessment revenues generated by assessment contracts and any other revenues pledged thereto.  The bonds shall be authorized by resolution of the clean energy development board, shall bear such date or dates, and shall mature at such time or times as the resolution shall specify, provided that the term of any bonds issued for a clean energy conduit financing shall not exceed twenty years.  The bonds shall be in such denomination, bear interest at such rate, be in such form, be issued in such manner, be payable in such place or places, and be subject to redemption as such resolution may provide.  Notwithstanding any provision to the contrary under this section, issuance of the bonds shall conform to the requirements of subsection 1 of section 108.170.

  2.  Any bonds issued under this section shall not constitute an indebtedness of the state or any municipality.  Neither the state nor any municipality shall be liable on such bonds, and the form of such bonds shall contain a statement to such effect.

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(L. 2010 H.B. 1692, et al.)


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