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AUTHORIZATION <br />Street Reconstruction Bond Characteristics: <br />• 5 — year street reconstruction plan required <br />• Issuance of Bonds requires unanimous approval of Council <br />• Subject to debt limit <br />• Does not require a direct referendum however it is subject to the <br />"Reverse Referendum" process <br />• Outside of levy limits <br />AUTHORIZATION <br />MS CHAPTER 469.1812 - 469.1815 <br />• General Obligation Tax Abatement Bonds <br />5 <br />