House Journal: Page 47: Tuesday, June 19, 2001
22 the holders of public bonds or obligations which might
23 then exist.
24 3. The custody, collection, securing, investment,
25 and payment of any revenues, assets, money, funds, or
26 property with respect to which the electric power
27 agency may have any rights or interest.
28 4. The rates or charges for electric energy sold
29 by, or services rendered by, the electric power
30 agency, the amount to be raised by the rates or
31 charges, and the use and disposition of any or all
32 revenue.
33 5. The creation of reserves or debt service funds
34 and the regulation and disposition of such reserves or
35 funds.
36 6. The purposes to which the proceeds from the
37 sale of any public bonds or obligations to be issued
38 may be applied, and the pledge of the proceeds to
39 secure the payment of the public bonds or obligations.
40 7. Limitations on the issuance of any additional
41 public bonds or obligations, the terms upon which
42 additional public bonds or obligations may be issued
43 and secured, and the refunding of outstanding public
44 bonds or obligations.
45 8. The rank or priority of any public bonds or
46 obligations with respect to any lien or security.
47 9. The creation of special funds or moneys to be
48 held for operating expenses, payment, or redemption of
49 public bonds or obligations, reserves or other
50 purposes, and the use and disposition of moneys held
Page 16
1 in these funds.
2 10. The procedure by which the terms of any
3 contract with or for the benefit of the holders of
4 public bonds or obligations may be amended or
5 abrogated, the amount of public bonds or obligations
6 the holders of which must consent to such amendment or
7 abrogation, and the manner in which consent may be
8 given.
9 11. The definition of the acts or omissions to act
10 that constitute a default in the duties of the
11 electric power agency to holders of its public bonds
12 or obligations, and the rights and remedies of the
13 holders in the event of default including, if the
14 electric power agency so determines, the right to
15 accelerate the date of the maturation of the public
16 bonds or obligations or the right to appoint a
17 receiver or receivers of the property or revenues
18 subject to the lien of the resolution, trust
19 indenture, or other security agreement.
20 12. Any other or additional agreements with or for
© 2001 Cornell College and
League of Women Voters of Iowa
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