Request for certificate of eligibility.
STATE REVIEW AND APPROVAL UNDER THE PROGRAM
Review of request for certificate of eligibility.
Issuance of certificate of eligibility.
Denial of eligibility/determination of ineligibility.
USING THE CERTIFICATE TO ISSUE BONDS
Using the certificate of eligibility to obtain the state guarantee.
Guarantee final upon issuance.
Reference to guarantee in school district bond documents.
REPAYMENT OF SCHOOL DISTRICT DEBT ISSUED UNDER THE PROGRAM
County assessor to levy taxes.
County treasurer to collect taxes and transfer money to paying agent.
County treasurer notice to state treasurer of insufficient funds.
Paying agent notice to state treasurer of insufficient funds.
Payment by the state treasurer for bonds issued under the act.
SCHOOL DISTRICT REPAYMENT TO STATE
Repayment to the state by school districts.
Interest on school district obligations to state.
Penalty for state payment under guarantee program.
Restructure/revision of tax collection.