§39A 50 - Estimate of benefits.

§39A‑50 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).