| | |
other persons carrying on a banking business; and all other persons | | who are now, or may be, authorized to invest in bonds or other | | obligations of the State, may properly and legally invest funds, | | including capital in their control or belonging to them. The bonds | | and notes are made securities that may properly and legally be | | deposited with and received by any state, municipal or public | | officer, or any agency or political subdivision of the State, for | | any purpose for which the deposit of bonds or other obligations of | | the State is now or may be authorized by law. |
|
| | | 10.__Certain bond issues; notice; special meeting; vote.__In | | the event that the directors vote to authorize bonds or notes for | | any of the corporate purposes of the jail authority, excluding | | notes payable within one year or notes in anticipation of the | | revenues to be collected or received in any year or notes in | | anticipation of bonds that have already been authorized in | | accordance with this chapter or notes in anticipation of the | | receipt of approved federal or state grants, the authorized | | amount of which, singly or in the aggregate included in any one | | financing, is 10% or less of the operating budget, the directors | | do not need consent of the counties, but shall provide notice to | | the general public: |
|
| | | A.__Of the proposed bond or note issue and the purposes for | | which the debt is being incurred; and |
|
| | | B.__Of a special jail authority meeting for the purpose of | | permitting the collection of testimony from the public | | concerning the amount of the debt so authorized. |
|
| | | Notice of the proposed bond or note issue, the purposes for which | | the debt is being issued and the call of the special meeting must | | be published at least once in a newspaper having general | | circulation in the 2 counties. |
|
| | | 11.__Negotiated or competitive bidding process.__Any notes, | | bonds or other instruments of indebtedness may be the subject of | | a negotiated or competitive bidding process or any other process | | that may be advantageous to the jail authority.__Determination of | | the process to be used must be made by and at the discretion of | | the directors. |
|
| | | All persons, firms and corporations, whether public or | | private, shall pay to the treasurer of the jail authority formed | | under this chapter the rates, tolls, assessments, rents, | | transportation charges and other charges established by the | | directors for services provided by the jail authority. In this | | subchapter, the words "other charges" include, but are not |
|
|