Referendum process definition
Referendum process means the process by which a minimum number of petitioners, usually 500, may require the local governmental entity to place on the ballot the question of whether the local governmental entity may issue bonds (or other obligations) for a project that costs more than a specified dollar amount (usually, $18,318,651 ($19,051,397 for 2024), with annual increases based on maximum levy growth quotient, which is 4.0% for calendar year 2023), where the bonds are expected to be paid at least in part from property taxes. If so required, the financing may not go forward at that time unless more people vote in favor of the financing than the number who vote against it.
Referendum process means the process defined at Section 2 of these Procedures.
Referendum process means the information and voting process to determine whether the Eligible Vot- ers approve of a question put to them to consider;
Examples of Referendum process in a sentence
The Borough will advance a Referendum process, as required pursuant to the Municipal Sale Law, asking the Borough voters if they will approve the sale of the System.
More Definitions of Referendum process
Referendum process means the process which a minimum number of petitioners, usually 500, may require the local governmental entity to place on the ballot the question of whether the local governmental entity may issue bonds (or other obligations) for a project that costs more than
Referendum process means the referendum process established under the