Chapter 14 - Petroleum Environmental Compliance Authority
- Section 34A-14-1 - Establishment of public authority to issue revenue bonds and make loans--Powers--Immediate funding and completion of capital investments.
- Section 34A-14-2 - Definition of terms.
- Section 34A-14-3 - Creation of Petroleum Environmental Compliance Authority.
- Section 34A-14-4 - Members of board of directors of authority--Appointment.
- Section 34A-14-5 - Quorum of board--Vote by majority.
- Section 34A-14-6 - Powers of authority.
- Section 34A-14-7 - Additional powers of authority to make loans and investments.
- Section 34A-14-8 - Additional powers of authority to borrow funds and issue bonds.
- Section 34A-14-9 - Bonds payable solely out of authority's revenue--Exception--Inspection fee--Additional security.
- Section 34A-14-10 - Obligations payable solely from revenue and assets of authority--Statement on face--Authority revenue bonds not general obligations of state.
- Section 34A-14-11 - Bonds--Authorization and maturation--Application of other state laws--Sale.
- Section 34A-14-12 - Lien of pledge made by authority--Validity--Recording of pledge not required.
- Section 34A-14-13 - Purchase and canceling of bonds, loans, or other obligations by authority--Reasonable price.
- Section 34A-14-14 - Security of bonds by trust indenture or other agreement--Protecting and enforcingrights of bondholders--Payment and disbursement--Expenses.
- Section 34A-14-15 - Bonds deemed negotiable instruments.
- Section 34A-14-16 - Validity of signature of board member or officer leaving position prior to delivery.
- Section 34A-14-17 - Persons executing bonds not personally liable.
- Section 34A-14-18 - Pledge and agreement of state not to limit rights of authority or bondholders untilbonds discharged.
- Section 34A-14-19 - Conflict of interest by member or employee of authority--Disclosure--Participationprohibited--Office in or ownership of organization not deemed interest--Exceptions.
- Section 34A-14-20 - Payment of tax on property owned by authority not required--Obligations free fromtaxation.
- Section 34A-14-21 - Bonds and notes of authority made securities subject to investment and deposit.
- Section 34A-14-22 - Provisions controlling.
- Section 34A-14-23 - Liberal construction.
- Section 34A-14-24 - Remaining assets of dissolved authority inure to benefit of state.
- Section 34A-14-25 - Authority to issue bonds and pledge security--Request of pledge from transportationsecretary.
- Section 34A-14-26 - Report--Deadline for submission--Contents.