§ 28.20.060. Notice of bonded indebtedness prior to bond issue election.


Latest version.
  • A.

    Before a general obligation bond issue election, the municipal clerk shall give at least two notices of the municipality's total existing bonded indebtedness.

    1.

    The first notice shall be given at least 30 days before a regular election, and at least ten days before a special election.

    2.

    The second notice shall be given no later than the day before the election.

    B.

    The notice of the municipality's total existing bonded indebtedness shall state:

    1.

    The current total general obligation bonded indebtedness, including authorized but unsold bonds, of the municipality;

    2.

    The cost of the debt service on the current indebtedness, to include the cost per $100,000 of assessed valuation for outstanding bonds, by bond type and year including outstanding interest; and

    3.

    The total assessed valuation within the municipality.

(GAAB 7.05.050.D; AO No. 254-76; AO No. 85-75; AO No. 99-73, § 1, 5-11-99; AO No. 2013-130(S-1), § 3, 1-14-14)

Editor's note

It should be noted that AO No. 99-73, § 1, adopted May 11, 1999, shall take effect beginning with the April 2000 regular election of the Municipality of Anchorage.