Section 45-37-162.01 Definitions. For purposes of this part, the following terms have the following meanings: (1) COUNTY. Jefferson County, Alabama. (2) DEBT. Indebtedness for borrowed money, whether in the form of bonds, warrants, notes, or other similar instruments or capitalized leases. (3) OFFICIAL STATEMENT. An official statement, offering memorandum, placement memorandum, or a similar document […]
Section 45-37-162.02 Notice and hearing. (a) The county may not issue debt unless it gives notice of the proposed debt issuance as provided in subsection (b) and a hearing is held as provided in Section 45–37–162.03. The county may not enter into a swap agreement unless notice of the proposed swap agreement is given as […]
Section 45-37-162.03 Public hearing. Not less than three days nor more than 10 days before the date that the county enters into a binding agreement to issue debt or enters into a binding swap agreement, the county shall hold a public hearing on the proposed debt or swap agreement. A majority of the governing body […]
Section 45-37-162.04 Public bidding of swap agreements. The county shall competitively bid all swap agreements using the following procedures: (1) The county shall invite not less than four qualified swap providers to make independent written proposals to enter into a swap agreement delivered in person or transmitted electronically. (2) The county shall provide each potential […]
Section 45-37-162.05 Information filing by county. (a) Not less than seven days after the county enters into a binding agreement for the issuance of debt or enters into a binding swap agreement, it shall file a report in the public records of the county. The report shall include all of the following: (1) The final […]
Section 45-37-162.06 Statements under oath by third parties. (a) The county may not make any payment to a person described in subdivision (3) of subsection (a) of Section 45-37-162.05 unless the county obtains a written statement under oath by the person declaring all of the following: (1) The amount and purpose of the payment received […]
