Agenda - 02-19-1991 (2) - Laserfiche WebLink

Browse Search

r im lob 13 PROCEDURES FOR BOND ISSUE Once the projects to be considered for a Bond Issue are determined the follo;air�g 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. „oplication To LGC For ynnroval Of Bond Issue, Preliminary Conference, And Acceptance Of Application The application form provided by the LGC must be completed and submitted to the Secretary oL 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 ex its representatives to attend a preliminary conference to consider the proposed issue. - the iling 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 lifter the application is accepted for submission to the Commission, a bond order should be introduced before the Board and a time and place or a public hearing on the Order should beset. lecal notice should be published containing the bond Order as introduced and the time place set for the heari -_c- ^he hearing must be at least six says after the publication date. L. Swcrn Statement Of Debz-And Debt Limitation ter the _,.trcduction of the Bond __der tc the Board and before -ne public hearing the - inance Officer should file t•:wth the Clerk to tine Board a sworn statement con Yaw - -_nc the Count,,-'s current debt and debt limitation-