LD 1199
pg. 20
Page 19 of 23 PUBLIC Law Chapter 228 Page 21 of 23
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LR 571
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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.

 
§1952.__Charges

 
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


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