In connection with a program of short term Revenue Bonds including, but not limited to, commercial paper programs, the Board resolutions and other actions referred to in Sections 11.28.1, 11.28.2, 11.28.4, 11.28.5 and 11.28.6 of this Administrative Code, and any approval or disapproval by the Mayor or Council relating thereto pursuant to said Sections of this Administrative Code, shall only be required once with respect to the authorization to proceed with the program and no further actions or approvals shall be required with respect to all Revenue Bonds issued under such programs, including Revenue Bonds issued to provide for the payment, renewal or extension of Revenue Bonds previously issued under such approved program. For purposes of this Section 11.28.7, a short term Revenue Bond program shall include a program which authorizes the issuance of Revenue Bonds to pay, renew or extend Revenue Bonds previously issued under the program in the Board resolution described in Section 11.28.1 of this Administrative Code and in which the term of any Revenue Bond issued under such program (excluding any Revenue Bond issued for purposes of paying, renewing or extending such Revenue Bond) does not exceed five years.
SECTION HISTORY
Added by Ord. No. 172,353, Eff. 1-30-99.
Amended by: Ord. No. 173,234, Eff. 6-19-00, Oper. 7-1-00.