Section 48-2011.03 - Issuance of bonds; notice; hearingNotwithstanding any other law, a sanitary district may issue bonds that refinance existing debt and that mature over a period of forty-one years only if the sanitary district complies with both of the following before issuance of the bonds:
1. The new bonds do not cause an increase in the sanitary district's bonding capacity.2. The sanitary district's board of directors holds a public hearing regarding the issuance of the bonds. The sanitary district's board of directors shall provide public notice of the hearing as otherwise prescribed by law.Added by L. 2014, ch. 109,s. 1, eff. 7/24/2014.