§39A 240 - Estimate of benefits.

[§39A‑240] Estimate of
benefits. (a) Each project party with a project agreement with the
department shall estimate the benefits derived from the use of the proceeds of
special purpose revenue bonds. The benefits estimated shall be based on a
comparison between the use of the proceeds of the special purpose revenue bonds
instead of other means of financing and shall be in terms of dollars projected
to be or actually saved by consumers of the services of the project party. The
format of and method for determining the estimates shall be established by the
department and shall be uniform for each project party.

(b) To promote public understanding of the
role played by special purpose revenue bonds in providing less costly services
by a project party to the general public, the department shall take appropriate
steps to ensure public access to and scrutiny of the estimates determined under
subsection (a).