Before any funding or refunding bonds shall be issued under the provisions of this chapter, a fiscal officer of the unit shall prepare a statement as of the beginning of the then current fiscal year, which statement shall show in detail the total outstanding bonds, notes, warrants and other evidences of indebtedness of the unit, together with the maturity dates thereof, interest rates, special provisions for payment, together with a description of the indebtedness proposed to be funded or refunded by the issuance of bonds. Such statement shall also show in detail the total tax collections of the unit for the preceding year, the amount of delinquent taxes, and the amount of expenditures of all funds during the preceding fiscal year, the proposed maturity or maturities of the new funding or refunding bonds to be issued, and any and all other pertinent information which may be requested by the state director. Such statement shall be filed with the state director, together with an application from the governing body of the unit requesting that the issuance of the proposed bonds be approved. If the state director shall determine that, in the state director's opinion, the unit can fulfill the provisions of this chapter as hereinafter set forth, the state director shall so certify in writing to the unit, and such certificate shall be recorded in the minutes of the unit.
Before any funding or refunding bonds shall be issued under the provisions of this chapter, a fiscal officer of the unit shall prepare a statement as of the beginning of the then current fiscal year, which statement shall show in detail the total outstanding bonds, notes, warrants and other evidences of indebtedness of the unit, together with the maturity dates thereof, interest rates, special provisions for payment, together with a description of the indebtedness proposed to be funded or refunded by the issuance of bonds. Such statement shall also show in detail the total tax collections of the unit for the preceding year, the amount of delinquent taxes, and the amount of expenditures of all funds during the preceding fiscal year, the proposed maturity or maturities of the new funding or refunding bonds to be issued, and any and all other pertinent information which may be requested by the state director. Such statement shall be filed with the state director, together with an application from the governing body of the unit requesting that the issuance of the proposed bonds be approved. If the state director shall determine that, in the state director's opinion, the unit can fulfill the provisions of this chapter as hereinafter set forth, the state director shall so certify in writing to the unit, and such certificate shall be recorded in the minutes of the unit.
Before any funding or refunding bonds shall be issued under the provisions of this chapter, a fiscal officer of the unit shall prepare a statement as of the beginning of the then current fiscal year, which statement shall show in detail the total outstanding bonds, notes, warrants and other evidences of indebtedness of the unit, together with the maturity dates thereof, interest rates, special provisions for payment, together with a description of the indebtedness proposed to be funded or refunded by the issuance of bonds. Such statement shall also show in detail the total tax collections of the unit for the preceding year, the amount of delinquent taxes, and the amount of expenditures of all funds during the preceding fiscal year, the proposed maturity or maturities of the new funding or refunding bonds to be issued, and any and all other pertinent information which may be requested by the state director. Such statement shall be filed with the state director, together with an application from the governing body of the unit requesting that the issuance of the proposed bonds be approved. If the state director shall determine that, in the state director's opinion, the unit can fulfill the provisions of this chapter as hereinafter set forth, the state director shall so certify in writing to the unit, and such certificate shall be recorded in the minutes of the unit.
