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SB 555, 64th Regular Session
Relating to the power of certain cities to acquire, construct, improve and equip any property for purposes fo treating and conveying waste, including, but not by way of limitation: establishing, acquiring, leasing or contracting as lessee or lessor, purchasing, constructing, improving, enlarging, equipping, repairing, operating or maintaining (any or all) waste treatment facilities including plants, disposal fields, lagoons and areas devoted to sanitary land fills for the purposes of treating, neutralizing, stabilizing or disposal of waste, and sewer systems including pipelines, conduits, canals, pumping stations, force mains, and all other constructions, devices and appurtenant appliances used to transport waste (hereinafter the "Project" or "Projects") and to make such Project or Projects available to persons, firms or corporations by leases and other contracts, including installment sale agreements, such leases and contracts to be on such terms as the city deems appropriate; authorizing such cities to enter into operating contracts as to said Projects; and to finance said Projects and improvements through the issuance of revenue bonds, which shall be deemed to be a "Security"; authorizing such cities to pledge to the payment of the operation and maintenance of any Project or Projects a continuing annual ad valorem tax; provided, that such taxes shall be within any Constitutional or charter limit, no part of such money shall ever be used for the payment of the interest on or principal of said revenue bonds; authorizing said cities to fix and collect fees, purchase prices, rentals, rates and charges for such Projects and pledge all or any part of the revenues, income, receipts from such fees, purchase prices, rentals, rates and charges to the payment of such bonds and additionally to secure such bonds by mortgages or deeds of trust on any real property relating to the Project and by chattel mortgages, liens or security interests on any personal property appurtenant to such real property; authorizing the pledge to the payment of such bonds all or any part of any grant, donation, revenues or income received or to be received from the United States government or any other public or private source; authorizing the issuance of refunding bonds; making such revenue bonds legal and authorized investments; containing other provisions relating to the subject.
Last action: Considered by committee in public hearing
Author: Jack Ogg
Senate Committee: Intergovernmental Relations ()
April 15 1975
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