Examples of STAR bond project plan in a sentence
Pursuant to the Act, municipalities are authorized to utilize STAR Bond Financing for specific development projects through (1) the creation of a STAR bond project district, subject to a finding by the Secretary that the STAR bond project district plan is eligible for STAR bond financing, and (2) the adoption of a STAR bond project plan that is subsequently approved by the Secretary.
The Director shall either approve or deny the STAR bond project plan based on the criteria in this Section.
Any developer of a STAR bond project shall commence work on the project within two years from the date of adoption of the STAR bond project plan.
Any STAR bond project shall be completed within 20 years from the date of the approval of the STAR bond project plan.