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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. |
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| | 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: |
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| A.__Of the proposed bond or note issue and the purposes for | which the debt is being incurred; and |
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| 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. |
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| 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. |
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| | 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. |
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| | 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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