Agenda - 06-21-1988 - Laserfiche WebLink

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...k• .. ; 105 e . PROCEDURES FOR BOND ISSUE • Once the projects to be considered for a Bond Issue are determined the following steps must be taken prior to submission of referendum to the voters . 1. Notice Of Intent To Make Application For Issuance of Voted Bonds A legal notice must be published of the intent to make application to the LGC for the issuance of bonds 10 days before the application is filed. 2 . Application To LGC For Approval Of Bond Issue, Preliminary Conference, And Acceptance Of Application ' . The application form provided by the LGC must be completed and submitted to the Secretary of the LGC. The application can be completed within the 10 day period mentioned above. Before the application is accepted, the Secretary may require the Board or its representatives to attend a preliminary conference to consider the proposed issue. Upon the filing and acceptance of the application; the Secretary submits it to the Commission for approval. The entire process takes approximately 30 days. This time frame includes the possibility of a preliminary conference and any additional information or hearings that may be required by the LGC. - - - - • 3. The Bond Order . _.--- After the application is accepted for submission to the Commission, a bond order should be introduced before the Board /d a time and be/et .for a public hearing on the Order should be et. A legal 11 hotice should be published containing the bond Order as introduced and the time place set for the hearing. The hearing must be at least six days after the publication date. 4. Sworn Statement Of:Debt:'And Debt Limitation After the introduction of the Bond Order to the Board and before the public hearing the Finance Officer should file with the Clerk to the Board a sworn statement containing the County' s current debt and debt limitation. . - •