TITLE 50

MUNICIPAL CORPORATIONS

CHAPTER 27

MUNICIPAL INDUSTRIAL DEVELOPMENT PROGRAM

50-2709.  Reporting and assistance. (1) Within ten (10) days after the issuance of any revenue bonds, each public corporation shall record the following and any additional information with the department of finance, bureau of securities:

(a)  The name of the issuer;

(b)  The proposed amount of the bonds;

(c)  A short description of the facilities constituting the project and of the person or persons on behalf of whom the issuer issued the bonds; and

(d)  The amount of permanent employment reasonably projected to be created by the existence of each project.

(2)  The division of economic and community affairs shall report annually to the legislature and the governor on the amount of revenue bonds authorized and issued, the amount of capital investment undertaken under this chapter and the amount of permanent employment reasonably related to the existence of such industrial development facilities.

(3)  The division of economic and community affairs shall provide such advice and assistance to public corporations or municipalities which have created or may wish to create corporations, as the public corporations or municipalities request and the division of economic and community affairs considers appropriate.

History:

[50-2709, added 1982, ch. 119, sec. 1, p. 332.]