Legal Documents of Pittman Center

Code of Pittman Center

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 5 Debt Policy » § 5-504 Transparency.
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Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Pittman Center
Title 5 : Municipal Finance and Taxation
Chapter 5 : Debt Policy

5-504 : Transparency.

  1. The Town shall comply with legal requirements for notice and for public meetings related to debt issuance.
  2. All notices shall be posted in the customary and required posting locations, including as required local newspapers, bulletin boards, and websites.
  3. All costs (including principal, interest, issuance, continuing, and one (1) time) shall be clearly presented and disclosed to the citizens, town board of mayor and aldermen, and other stakeholders in a timely manner.
  4. The terms and life of each debt issue shall be clearly presented and disclosed to the citizens/members, town board of mayor and aldermen, and other stakeholders in a timely manner.
  5. A debt service schedule outlining the rate of retirement for the principal amount shall be clearly presented and disclosed to the citizens/members, town board of mayor and aldermen, and other stakeholders in a timely manner. (Ord. #241, June 2012, as replaced by Ord. #329, Jan. 2024 Ch2_01-08-24)