Whenever used in this chapter, the following words and phrases shall have the following meanings:
"CFO" means the Chief Financial Officer.
"Debt Transaction" means an issuance (i) by the City, acting in a non-conduit capacity, or by any corporation, trust, or other entity established by the City pursuant to an ordinance adopted by the City Council on October 11, 2017 and in accordance with Division 13 of Article 8 of the Illinois Municipal Code, codified at 65 ILCS 5/8-13-5, et seq., for the limited purpose of issuing obligations for the benefit of the City; of (ii) any bond, note or other debt instrument, with a maturity of longer than 271 days, that does not bear interest at a fixed rate for its entire term. For purposes of this definition, "Debt Transaction" shall not include tax anticipation warrants or notes, or letters or lines of credit (and related notes).
"Post" means to post in a prominent, readily locatable and viewable location on the City's website for public review.
"Registered Advisor" means an "independent registered municipal advisor" as defined under 17 C.F.R. 240.15Ba1-1(d)(3)(vi)(A) and retained by the CFO.
(Added Coun. J. 5-18-16, p. 23569, § 1; Amend Coun. J. 10-11-17, p. 55903, § 7)