§ 63A-12. Public hearing requirements.
§63A‑12. Public hearing requirements.
To the extent federal tax lawrequires public hearings to be held with respect to the issuance of bonds tofinance projects, the hearings may be called for by the executive director andheld before one or more members of the Board of the Authority. The hearingsmay be held at any place within the State pursuant to public notice given inaccordance with current federal tax regulations. To the extent federal tax lawrequires approval following the hearing of the issuance of bonds to finance aproject, the approval shall be sought from the Governor following a report tothe Governor of the results of the public hearing accompanied by informationrelating to the purposes for the proposed bond issue. (1991,c. 749, s. 1.)