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c. At least 75% of the Available Construction Proceeds must be spent for the governmental <br /> purposes for which the Bonds were issued within the 18-month period beginning on the <br /> date the Bonds are issued. <br />d. At least 100% of the Available Construction Proceeds must be spent for the governmental <br /> purposes for which the Bonds were issued within the 2-year period be~nning on the date <br /> the Bonds are issued. <br /> <br />Since the schools do have nearly 7 months before any of the projects would begin, they should <br />have ample time to develop plans and specifications necessary so all project contracts could be <br />awarded to meet the above mentioned guidelines. It is of course up to the schools to make their <br />official request to the Board of Commissioners. Your duty is to determine the actual bond <br />issuance amount you feel comfortable with and the appropriate related tax rate to be levied. <br /> <br /> <br />