§ 111-8. Project application and selection process.

Latest version.

(a)

The board shall adopt, by resolution, a project application and an application review process for determining eligibility of projects.

(b)

With respect to the recovery zone economic development bonds, the board shall consider all complete applications and make the final determination as to whether to reallocate a portion of its recovery zone bond allocation to a municipality for issuance of its own bonds or to enter into an interlocal agreement with the municipality for use of proceeds from bonds issued by the county.

(c)

With respect to recovery zone facility bonds, the board shall consider all applications pursuant to established procedures for conduit financing.

(Ord. No. 2009-025, §§ 1, 2, 9-15-09)

                    
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