County Indebtedness Sample Clauses

County Indebtedness. 4.02.2.1. The County may, in its sole discretion, incur or guarantee indebtedness for the benefit of Projects undertaken in furtherance of the Program, including establishment of a Line(s) of Credit, the issuance of General Obligation Notes, or other instruments of indebtedness allowable for a County government, the proceeds of which will be used to (i) 4.02.2.2. The debt service for any County indebtedness for the benefit of Projects shall be paid exclusively by Municipality contributions and any grants awarded to the Program if allowable by the terms of the grant. Municipality contributions will only be required in support of Project indebtedness for Projects in which the Municipality has elected to Participate pursuant to 4.01.3. 4.02.2.3. Dauphin County shall present to the WREP Advisory Committee the details of any debt intended to be incurred requiring a multi-year contribution by the Municipalities at least ninety (90) days prior to entering a binding commitment to incur said debt. Municipalities must exercise proportional legislative authority necessary to incur debt prior to being held subject to any debt or debt service costs.