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5 <br />8. File LGC Application. As stated above, this cannot happen until <br />at least 10 days have elapsed since the publication of the notice of intent. The <br />application needs to be filed and formally accepted by the LGC before we have the <br />County Board take its next steps as described in Step 9. <br />Although we have to submit the LGC application as part of the referendum <br />process, it is not necessary to receive LGC approval until we are ready to proceed <br />with the actual sale of bonds, which of course will be after the referendum. The <br />LGC may or may not act on the application prior to the referendum, although the <br />current LGC practice is in fact to consider applications as they are received <br />(instead of waiting for the time of a bond issuance). <br />9. Introduce Bond Orders; Set public hearing. After the County <br />files its application, the Board needs to introduce the "Bond Orders" and set a date <br />for the required public hearing. We can take these actions at any time after the <br />LGC accepts the application (even the same day). Our schedule shows these steps <br />occurring at a Board meeting in early February. <br />The "Bond Order" is the basic authorization for bonds approved by the <br />County Board. The statutes provide for the format and most of the text of a bond <br />order; the bond order is a short, general statement of the Board's determination to <br />proceed. Each of the separate generic purposes for which bonds are to be <br />proposed will be the subject of a separate bond order: The details of an actual bond <br />issue are further approved by the Board at the time of a bond issue. <br />10. File sworn statement of debt. This is a statement, required by <br />statute, that details outstanding County debt. This document will be similar, but not <br />quite identical, to a debt statement that appears in the LGC application. This <br />statement needs to be filed after the bond orders are introduced but before the <br />publication of the notice of public hearing (as described in the next step). <br />11. Publish Notice of Public Hearing. We need to publish notice of <br />the required public hearing at least six days prior to the hearing. <br />12. Hold Public Hearing; Adopt Bond Order; Set Ballot Question and <br />Referendum Date. After holding a public hearing, the Board needs to adopt the <br />Bond Orders and adopt a resolution that formally sets the ballot questions and the <br />date for the referendum. Our schedule shows these steps occurring at a County <br />Board meeting in early March. The Board Clerk must then send a copy of the <br />resolution setting the date and the ballot question to the County Board of Elections <br />3 <br />