Notice of Bond Issues Clause Samples

Notice of Bond Issues. At least thirty (30) days before submission of an application for approval of issuance of Bonds to the TCEQ, PUC or the Attorney General, whichever occurs first, the District shall deliver to the City Secretary, City Manager, and Finance Director the certification required by Section 5.07 and Notice containing: (a) the amount of Bonds being proposed for issuance; (b) a description of the projects to be funded and/or the Bonds to be refunded by such Bonds; and (c) the proposed debt service and District tax rate after issuance of the Bonds. If the District is not required to obtain TCEQ or PUC approval of the issuance of the Bonds, the District shall deliver such certification and Notice to the City Secretary, City Manager, and Finance Director at least sixty (60) days prior to issuance of Bonds, except refunding Bonds, by the District.