§ 30-26-502 — Legislative declaration

(1) It is hereby declared to be the public
policy of the state to facilitate, assist, and promote the efforts of counties within
this state in the planning, construction, acquisition, improvement, equipping,
maintenance, and operation of public projects.

(2) It is further the intent of the general assembly:

(a) To authorize counties in this state to finance the acquisition, construction,
and improvement of public improvements, buildings, and facilities which such
counties are authorized to acquire, construct, and improve;

(b) That this part 5 shall operate only as a grant of additional financing
authority and shall not be construed to authorize counties to finance the
acquisition, construction, or improvement of any public improvements, buildings, or
facilities which such counties are not otherwise authorized to acquire, construct, or
improve pursuant to applicable provisions of law;

(c) To vest such counties with all powers that may be necessary to enable
them to accomplish such financing purposes, including the power to issue
negotiable revenue bonds, notes, and other obligations payable as set forth in this
part 5, which powers in all respects shall be exercised for the benefit of the
inhabitants of this state and for the promotion of their health, safety, and welfare.

Legislative History

Source: L. 82: Entire part added, p. 484, � 1, effective July 1.