Prior to the issuance of refunding bonds by the commission, board or other governing body, there shall be presented to the Board of Supervisors and filed with the Clerk of the Board of Supervisors a report of said commission, board or other governing body setting forth the minimum amount of savings to be generated in terms of scheduled principal and interest payments by the issuance of the refunding bonds.
(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)