349.105. Annual report, contents.

211 words·~1 min read·/mo/chapter-349/349-105

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349.105. Annual report, contents. — No later than January thirty-first of each year, the issuing authority shall file a report with the department of economic development on the previous year's issuances, which report shall contain only the following information:

(1)The name and address of the issuing entity;

(2)The name, address, age, and type of business of the beneficiary firm;

(3)The amount, term, interest rate, and date of issuance of the bonds issued;

(4)The name and address of the underwriter, if any, of such bonds;

(5)A copy of the guaranty instrument, if any;

(6)The size, by assets and previous year's sales, and the current number of employees, of the beneficiary firm;

(7)A copy of the preliminary official statement used when offering the bonds for sale;

(8)The estimated number of new jobs to be generated by the proposed project;

(9)A list of the use of bond proceeds, including whether the purpose of the project and the funds generated by the issuance of such bonds is to open a new business, build a branch plant, expand an existing facility or acquire an existing business;

(10)The estimated total cost of the project.

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(L. 1982 H.B. 1411 & 1587, A.L. 1983 S.B. 316)

Effective 6-22-83