The 1915 Act may be used for such projects as are permitted to be financed pursuant to the Act and which will serve the needs of domestic nonagricultural uses primarily, provided, however, the 1915 Act shall be used only when it is probable that substantial economic savings will result from use of the 1915 Act compared to other available means of financing the proposed project.
When the 1915 Act is used by the County on behalf of a public agency or regulated utility, to the extent legally possible, the public agency, or regulated utility, in addition to indemnification under § 17.0105(a) hereof, shall covenant to expend the necessary funds from whatever sources are available to cure in a timely manner all delinquency situations arising within that assessment district.
(Am. Ord. 3121, passed - -1987)