Legislation
SECTION 41.10
Contents of notice of meeting or election where special tax or tax to be collected in installments is to be voted
Local Finance (LFN) CHAPTER 33-A, ARTICLE 2, TITLE 3
§ 41.10 Contents of notice of meeting or election where special tax or
tax to be collected in installments is to be voted. Where the voting of
a special tax or a tax to be collected in installments is a condition
precedent to the adoption of a bond resolution or capital note
resolution and the bonds or capital notes are to be issued to finance a
specific object or purpose, the notice of the meeting or the election at
which such tax is voted must state the estimated maximum cost of each
item of such specific object or purpose and the estimated total cost of
all of the items.
tax to be collected in installments is to be voted. Where the voting of
a special tax or a tax to be collected in installments is a condition
precedent to the adoption of a bond resolution or capital note
resolution and the bonds or capital notes are to be issued to finance a
specific object or purpose, the notice of the meeting or the election at
which such tax is voted must state the estimated maximum cost of each
item of such specific object or purpose and the estimated total cost of
all of the items.