Added by Stats. 2014, Ch. 775, Sec. 1. (AB 229) Effective January 1, 2015.
The resolution adopted pursuant to Section 53369.40 shall contain all of the following information:
(a)A description of the facilities to be financed with the proceeds of the proposed bond issue.
(b)The estimated cost of the facilities, the estimated cost of preparing and issuing the bonds, and the principal amount of the proposed bond issuance.
(c)The maximum interest rate and discount on the proposed bond issuance.
(d)The date of the election on the proposed bond issuance and the manner of holding the election.
(e)A determination of the amount of tax revenue available or estimated to be available, for the payment of the principal of, and interest on, the bonds.
(f)A finding that the amount necessary to pay the principal of, and interest on, the proposed bond issuance will be less than, or equal to, the amount determined pursuant to subdivision (e).
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Other sections in Article 4 - Tax Increment Bonds