4 Miss. Code. R. 3-1.2 - Issuance of Bonds (where applicable)
(a) Review and
Include in permanent file legislative record, memoranda of understanding (MOU),
any side agreements, business plans, applications, and any other information
provided to MDA by project applicant related to project where funding is
sought.
(b) Include in permanent
file the resolution requesting bonds to be sold.
(c) Document the development of the capital
project.
(d) Document that the
necessary board approvals have been obtained.
(e) Document that the Department of Finance
and Administration (DFA) and/or State Treasurer's office properly monitors use
of bond proceeds and arbitrage compliance.
(f) Document that the State Bond Commission,
where applicable, has reviewed applications, evaluated and analyzed how the
project fits within the state's debt structure, evaluated issuance costs,
approves issuance and that a final report indicating the use of the funds was
received from the relevant agencies.
(g) Document any bond insurance or credit
enhancement activity related to the bond issuance.
(h) Document that the State Bond Attorney,
where applicable, has issued an opinion on the legal issuance of the bonds and
that the Office of the Attorney General approved the bond issue before
delivery.
(i) Document that the
State Treasurer or its designee registered the bonds and recorded the sale of
the bonds.
(j) Document the
purchase of the bond issue by the underwriter/syndicate.
(k) Other documentation as
necessary.
Notes
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