(a) This chapter shall not apply to contracts and leases entered into in connection with the issuance of industrial revenue bonds or other conduit debt issuances where the City's taxes or other revenues are not obligated to repay principal, interest or other charges with respect to the bonds, notes or other debt instruments.
(b) The Awarding Authority, with the approval of the Board of Control, may, in lieu of conforming to the provisions of this chapter, follow procedures which are required by Federal or State laws or regulations of Federal or State agencies when the contract pertains to projects that are financially assisted by grants, loans or other forms of financial assistance of cooperation agreements from or with the Federal or State government, or agencies thereof.
(Ord. 16-92. Passed 3-15-1993.)