§ 2-555. Prior approval of commission and state required for long-term debt financing of capital expenditures.

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Any appropriation for capital expenditures to be financed by long-term debt, notes, or bonds shall not be expended or obligations incurred until issuance of such long-term debt, notes, or bonds are approved by the commission and the state director of local finance, as required by law.

(Ord. No. O-90-9-122, § 16, 9-10-90)

                    
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