§ 38-129. General authority.

Upon adoption of the final assessment resolution or at any time thereafter, the board shall have the power and it is hereby authorized to provide by resolution, at one time or from time to time in series, for the issuance of bonds of the county for the purpose of paying all or part of the cost of any capital projects. The principal of and interest on each series of bonds shall by payable from pledged revenues. At the option of the board, the county may covenant to budget and appropriate from non-ad valorem revenue sources identified by the county by resolution or from general non-ad valorem revenues of the county an amount necessary to make up any deficiency in the payment of the bonds. The county may issue a single series of bonds to finance capital projects in different benefit units, provided such resolution identifies each capital project to be financed and the benefit unit in which it is located.

(Ord. No. 2004-04, § 6.01, 1-27-2004)