§ 2-300.8. Prohibition on borrowing.

Latest version.

Without the express authorization of each of the participating counties, the Consortium may not borrow funds nor issue debt instruments; provided that nothing in the article shall prevent the Consortium from leasing equipment or paying for equipment under a lease-purchase or installment sale agreement, the term of which shall not exceed the remaining term of the interlocal agreement authorized hereby.

(Ord. No. 85-26, § 1, 4-16-85)

                    
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