§ 25B-29. Bond capital.

Latest version.

(a)

Pursuant to subdivision (e) of Section 5506.9 of the Public Resources Code, no proceeds from any bonds, notes or other evidences of indebtedness issued by Miami-Dade County shall be used for any operations, maintenance or servicing purposes, except that such proceeds may be used to pay all costs incidental to the preparation and issuance of the bonds.

(b)

The amounts of all allocations designated in Section 25B-22 are gross amounts, and shall be reduced not more than one (1) percent for the costs of the overall administrative expenses of the bond.

(Ord. No. 96-115, § 10, 7-16-96)

                    
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