3358:5-11-22. Post-issuance compliance policy

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Clark state community college ("Clark State") uses bonds as one means of financing capital projects in support of its mission. The purpose of the "Post-Issuance Compliance Policy" is to promote compliance with federal income tax and securities laws, as well as the requirements set forth in the bond documents for each bond issue. The policy is to strictly follow the U.S. Constitution and federal laws and the Ohio Constitution and laws of the state of Ohio. For purposes of this policy, the term "bonds" means any obligation of Clark state incurred for the purpose of borrowing money, including, without limitation, bonds, notes and certificates of participation in capital leases.

Effective: 10/23/2015
Promulgated Under: 111.15
Statutory Authority: 3358
Rule Amplifies: 3358
Prior Effective Dates: 3/18/15

                    
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