9-51-11. Alternative means of financing parking facilities.

185 words·~1 min read·/sd/title-9/chapter-9-51/9-51-11

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any municipality may pay for any portion of the cost of providing automobile parking facilities by:

(1)Appropriating moneys for the purposes authorized in § 9-51-10 ;

(2)Appropriating any part or all of the net revenues derived from the operation of its automobile parking facilities including the net revenue from on - street parking meters;

(3)Imposing reasonable rates, rents, fees, and charges for the use of any on - street or off - street parking privilege or facility which may be in excess of actual cost of operation, maintenance, regulation, and supervision of parking at the particular location where the privilege is exercised;

(4)Leasing any off - street facilities at specified or determinable rents to be paid the municipality under a lease made as authorized and limited in § 9-51-32 ;

(5)Borrowing money and issuing bonds as authorized and limited in §§ 9-51-13 to 9-51-28 , inclusive;

(6)Borrowing money and issuing general obligation bonds in the manner and after authorization as provided in chapter 9-26 as may be hereafter amended;

(7)Any combination of all or any of the foregoing.