(a) Except as provided by subsection (b), the debt issuance report required by section 6 of this chapter must be submitted on a form prescribed by the department and must include the following information concerning bonds:
- (1) The par value of the bond issue.
- (2) A schedule of maturities and interest rates.
- (3) The purposes of the bond issue.
- (4) The itemized costs of issuance information, including fees for bond counsel, other legal counsel, underwriters, and financial advisors.
- (5) The type of bonds that are issued.
(6) Other information as required by the department.
A copy of the official statement and bond covenants, if any, must be supplied with this information.
- (b) A political subdivision or a person acting on behalf of a political subdivision shall submit the debt issuance report information described in subsection (a) to the department electronically, in the manner prescribed by the department.
- (c) For taxes due and payable for an assessment date after January 15, 2012, the department may not approve an appropriation or a property tax levy that is associated with a debt unless the debt issuance report for the debt has been submitted to the department, unless the department has granted a waiver under subsection (d).
- (d) The department may for good cause grant a waiver to the requirement under subsection (c) and approve an appropriation or a property tax levy, notwithstanding a political subdivision's failure to submit a required debt issuance report.
As added by P.L.199-2005, SEC.2. Amended by P.L.137-2012, SEC.5.