7C.6 - APPLICATION FOR ALLOCATION.
7C.6 APPLICATION FOR ALLOCATION.
A political subdivision which proposes to issue bonds for a
particular project or purpose for which an allocation of the state
ceiling is required and has not already been made under section
7C.4A, subsections 1 through 5, must make an application for
allocation before issuance of the bonds. The application may be made
by the political subdivision or its representative, the beneficiary
of the project or purpose, or by a person acting on behalf of the
beneficiary. The application shall be submitted to the governor's
designee, in the form prescribed by the governor's designee. The
application shall contain, where appropriate, the following
information:
1. Name and mailing address of the political subdivision.
2. Name of the chief elected or appointed executive officer of
the political subdivision.
3. If the project to be financed by the bonds is not to be owned
by the political subdivision, the name or description and location by
mailing address or other definitive description of the project for
which the allocation is requested.
4. Name and mailing address of both the initial owner,
beneficiary, or operator of the project and an appropriate person
from whom information regarding the project or purpose can be
obtained.
5. Date of adoption by the governing body of the political
subdivision of any initial governmental act with respect to the
bonds.
6. Amount of the state ceiling which the political subdivision is
requesting be allocated to the bonds.
7. Other information which the governor's designee deems
reasonably required to carry out the purposes of this chapter. Section History: Recent Form
85 Acts, ch 225, § 8; 87 Acts, ch 171, § 6; 98 Acts, ch 1165, §3
Referred to in § 7C.5, 7C.7, 7C.12