%'s, Votes, Dates Flashcards
Minimum Deposit required by bidders to participate in bond sale
2%
Tax Levy CAP
2% (exclusions include Capital, Debt, Statutory)
Appropriation CAP
- 5% or Cost of Living adjustment, which ever less.
3. 5% if pass ordinance
Contingent Expense Maximum
3%
Limit for emergency appropriations of the total current & utility budget appropriations
3%
Muni Debt limit
3.5%
Capitalized, non-deductible debt for a municipal public utility in deficit (20xs rule)
5%
Temp appropriations
26.25%
% in excess of bid threshold, may sell its personal property not needed for public for public use, at public sale, to the highest bidder
15%
% or lower to be excused from advertising for pubic bids when lowest bid price compared to a state contract
10%
BAN Maturity limit
1 year up to 10 years
BAN renewal Maturity
1st day, 5th month, 10th year
days, within, after approval of introduced budget, DLGS Director receives 3 certified copies
3
days prior, advertisement must occur before public bond sale
7
days minimum, prior to adoption, budget must be made available for inspection
7
days after DLGS certifies approval budget, gov. may adopt
10
days after introduction, bond ordinance must be published & # weeks prior to the date of further consideration
10 days
1 Week
days all bid security deposits must be returned except for the 3 lowest. Within # days of awarding contract, the rest returned
10
3
days deadline clerk must submit adopted budget to county board
15
days waiting period for bond to take into effect
20
days must advertise b/f receiving RFP
20
days to have contract fully signed after a contract awarded
21
days, minimum, after budget approval public hearing can take place
28
days without any public advertised bids received, private sale may then occur
30
