Collier County |
Code of Ordinances |
Chapter 2. ADMINISTRATION |
Article VII. BOND ISSUES AND FINANCING THEREOF |
Division 4. CAPITAL IMPROVEMENT REVENUE BONDS |
§ 2-654. Acquisition and construction.
Latest version.
The Board of County Commissioners is hereby authorized and empowered to construct and acquire any or all of the capital projects; provided, however, that prior to using any proceeds of the bonds to fund the construction and acquisition of a capital project, it shall authorize such capital project pursuant to supplemental resolution and authorize the issuance of a project bond or bonds to secure repayment of disbursements of bond proceeds used to fund such capital project.
(Ord. No. 86-36, § 4)