Section 6-17-6 - Letter of intentAn applicant shall submit a letter of intent for a project agreement to the director of finance. The letter shall contain, at a minimum, the following information:
(1) The approximate principal amount of the special purpose revenue bonds, not including bond issuance costs. This amount represents the net proceeds of the bonds required for the financing of the cost of the facility.(2) A general description of the educational facility to be financed, including the types of services to be provided and the number of students to be served.(3) The proposed security for the repayment of the bonds.(4) If the facility involves new construction, the estimated timetable for its construction and availability for use.(5) The proposed timetable for the issuance of the bonds.[Eff APR 11 2005] (Auth: HRS § 26-38) (Imp: HRS § 39A-252)