06-09-14 Regular Meeting of La Porte City Council

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notice,notice, or or (ii) by voter referendum of such governmental unit.(ii) by voter referendum of such governmental unit. (C) Special rules for approval of facility(C) Special rules for approval of facility If there has been public approval under subparagraph (A) of the If there has been public approval under subparagraph (A) of the plan for financing a facility, such approval shall constitute approval under plan for financing a facility, such approval shall constitute approval under subparagraph (A) for any issuesubparagraph (A) for any issue (i) which is issued pursuant to such plan within 3 years after (i) which is issued pursuant to such plan within 3 years after the date of the 1st issue pursuant to the approval, andthe date of the 1st issue pursuant to the approval, and (ii) all or substantially all of the proceeds of which are to be (ii) all or substantially all of the proceeds of which are to be used to finance such facility or to refund previous financing under used to finance such facility or to refund previous financing under such plan.such plan. (D) Refunding bonds(D) Refunding bonds No approval under subparagraph (A) shall be necessary with No approval under subparagraph (A) shall be necessary with respect to any bond which is issued to refund (other than to advance respect to any bond which is issued to refund (other than to advance refund) a bond approved under subparagraph (A) (or treated as approved refund) a bond approved under subparagraph (A) (or treated as approved under subparagraph (C)) unless the average maturity date of the issue of under subparagraph (C)) unless the average maturity date of the issue of which the refunding bond is a part is later than the average maturity date which the refunding bond is a part is later than the average maturity date of the bonds to be refunded by such issue. For purposes of the preceding of the bonds to be refunded by such issue. For purposes of the preceding sentence, average maturity shall be determined in accordance with sentence, average maturity shall be determined in accordance with subsection (b)(2)(A).subsection (b)(2)(A). (E) Applicable elected representative(E) Applicable elected representative(E) Applicable elected representative(E) Applicable elected representative For purposes of this paragraphFor purposes of this paragraph (i) In general The term (i) In general The term applicable elected representativeapplicable elected representative means with respect to any governmental unitmeans with respect to any governmental unit (I) an elected legislative body of such unit, or(I) an elected legislative body of such unit, or (II) the chief elected executive officer,(II) the chief elected executive officer, the chief elected the chief elected State legal officer of the executive branch, or any other State legal officer of the executive branch, or any other elected official of such unit designated for purposes of this elected official of such unit designated for purposes of this paragraph by such chief elected executive officer or by State paragraph by such chief elected executive officer or by State law.law. If the office of any elected official described in subclause (II) If the office of any elected official described in subclause (II) is vacated and an individual is appointed by the chief elected executive officer of is vacated and an individual is appointed by the chief elected executive officer of the governmental unit and confirmed by the elected legislative body of such unit the governmental unit and confirmed by the elected legislative body of such unit (if any) to serve the remaining term of the elected official, the individual so (if any) to serve the remaining term of the elected official, the individual so appointed shall be treated as the elected official for such remaining term.appointed shall be treated as the elected official for such remaining term.