The Division will acknowledge receipt of a competed Supplemental Debt Statement and a certified copy of the introduced bond ordinance; the file is deemed complete only after which action?

The Division will acknowledge receipt of a competed Supplemental Debt Statement and a certified copy of the introduced bond ordinance; the file is deemed complete only after which action?

• A. The Local Finance Board approves the ordinance
• B. A certified copy of the adopted ordinance is received
• C. The budget is adopted
• D. The clerk signs the minutes

Answer: (B)

The main idea is that completion hinges on proof that the bond ordinance has actually been enacted. After you submit the Supplemental Debt Statement and a certified copy of the introduced bond ordinance, the file is considered complete only when a certified copy of the adopted ordinance arrives. This confirms that the legislative action making the debt authorization official has taken place and provides the final, enforceable terms needed for processing. The other steps aren’t the completion trigger: board approval comes later, budget adoption is a separate process, and minutes signing is routine administrative work not tied to final adoption of the debt ordinance.

The main idea is that completion hinges on proof that the bond ordinance has actually been enacted. After you submit the Supplemental Debt Statement and a certified copy of the introduced bond ordinance, the file is considered complete only when a certified copy of the adopted ordinance arrives. This confirms that the legislative action making the debt authorization official has taken place and provides the final, enforceable terms needed for processing. The other steps aren’t the completion trigger: board approval comes later, budget adoption is a separate process, and minutes signing is routine administrative work not tied to final adoption of the debt ordinance.