§39A-271 - Estimate of benefits.
[§39A-271] 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).
(c) The department shall adopt rules under
chapter 91 for the purposes of this section. [L 2002, c 257, pt of §1]