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This ordinance authorizes the City of Chicago to issue general obligation bonds and additional sales tax obligations to finance various city projects and debts. The ordinance outlines the terms, authority, and processes required for bond issuance, repayment, and tax levies associated with these financial instruments, aiming for financial efficiency and public welfare.
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What is substitute ordinance?
A substitute ordinance is a replacement for a previously enacted ordinance, which may modify or clarify the original language or provisions.
Who is required to file substitute ordinance?
Typically, public officials, government agencies, or legislative bodies are required to file a substitute ordinance, often following specific municipal or state guidelines.
How to fill out substitute ordinance?
To fill out a substitute ordinance, individuals should follow the appropriate legal format, include the necessary details regarding the amendments or changes, ensure all required signatures are present, and submit it to the relevant governing authority.
What is the purpose of substitute ordinance?
The purpose of a substitute ordinance is to update, amend, or replace existing laws to reflect changes in policies, regulations, or to address unforeseen circumstances.
What information must be reported on substitute ordinance?
Information typically reported on a substitute ordinance includes the title, section numbers being amended or replaced, the text of the new provisions, the rationale for the changes, and the dates of enactment.
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