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Title VI COUNTY, TOWNSHIP AND POLITICAL SUBDIVISION GOVERNMENT

Chapter 67

previous next Effective - 03 Apr 1991, see footnotebottom

  67.475.  Maximum bond indebtedness — advisory committee in certain cities. — The total amount of city or county general obligation bond indebtedness incurred for improvements under sections 67.453 to 67.475, including temporary notes issued pursuant to sections 67.453 to 67.475, shall not exceed ten percent of the assessed valuation of all taxable tangible property, as shown by the last completed property assessment for state or local purposes, within the city or county.  Any city with a population of three hundred fifty thousand or more inhabitants shall appoint a citizen advisory committee composed of members of each council districts on proposed neighborhood improvement district.

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(L. 1991 S.B. 8 § 12)

Effective 4-03-91


---- end of effective   03 Apr 1991 ----

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