Submitted by MrT (not verified) on Fri, 08/17/2012 - 4:46pm.
Once the citizens give approval for the City to obligate itself to general obligation bonds, the city is required to submit to the state its intent. Cities are not allowed to obligate it's funds beyond a percentage of the cities reserves. You can obtain this information from the City Manager's office. They can provide you the process. Should I be incorrect in this, please except my apology.
Check It out Sport
Once the citizens give approval for the City to obligate itself to general obligation bonds, the city is required to submit to the state its intent. Cities are not allowed to obligate it's funds beyond a percentage of the cities reserves. You can obtain this information from the City Manager's office. They can provide you the process. Should I be incorrect in this, please except my apology.