6145 - BORROWING

Upon the initiative of the Governing Board and as provided by the laws of the State of Ohio, including the Uniform Bond Law and the Ohio Constitution the Treasurer/CFO shall prepare the data and applications regarding the borrowing of State Aid Notes, Tax Anticipation Notes, and Bond Issues.

Bids shall be solicited for all short term loans which the Governing Board has authorized. Funds shall be borrowed from the responsible organization offering the most favorable terms, as approved by the Governing Board.

© Neola 2002