We now have the official calendar for meetings of the Local Government Commission for 2015. We thought a table might be handy.
Along with the meeting dates, this table shows the dates 28 days prior to the meeting, because generally the Commission staff wants a fairly complete application package in hand by then. We’ve also noted the dates 45 days prior to the meeting dates, because that’s the deadline for sending in your advance notice to the General Assembly’s Joint Committee on Local Government (see this post for more information on that requirement).
|Full Commission or
|28 Days Earlier is
|45 Days Earlier is
We need to know if a meeting is of the full Commission or the Executive Committee because an action of the full Commission takes effect immediately; an action of the Executive Committee takes effect only after five business days. For example, a financing approved by the full Commission on February 3 could close on February 4; a financing approved by the Executive Committee on March 3 could only close a week later.
Also keep in mind that the LGC generally won’t consider your application for a new-money borrowing in November, or later, unless the LGC staff has signed off on your new audit.
Finally, you should know that some unusual financings (such as special assessment revenue bonds or tax increment financings) have to be approved by the full Commission.