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OVERVIEW

The Pima IDA is subject to Arizona’s Open Meeting Law. This law requires that the Pima IDA provide at least 24 hours advance notice of all meetings to the public body and to the general public.

The Pima IDA has posted hereon both the annual Disclosure Statement and its Notice of Regular Meetings. In addition, these documents will be posted by the Clerk of the Board of Supervisors of Pima County at Pima County Administration Building, 130 West Congress Street, 1st and 5th Floors, A and B Levels, Tucson, Arizona 85701. (These posting locations are accessible to the public Monday through Friday from 8:00 a.m. to 5:00 p.m., except legal holidays.)

The Notice section contains the Notice of Regular Meetings specifying the dates, location, time and information on the agenda of each meeting. If a Special Meeting is called, a Notice of the place and time for the Special Meeting (as well as information about the Agenda) will also be posted here.

For certain types of tax-exempt private activity bonds, a public hearing (also known as a TEFRA hearing, after the Tax Equity and Fiscal Responsibility Act of 1982) is required by federal tax regulations as a form of public approval.  The hearing provides a reasonable opportunity for interested individuals to express their views, either orally or in writing, on the proposed issue of bonds, location, and nature of the project to be financed. This notice is designed to inform residents of the approving governmental unit, including residents of the issuing unit and the host governmental unit where a project is to be located, of the proposed bond issue.

The TEFRA Notice section contains each hearing’s date, time and location.

The Pima IDA attached the Agenda Summary of each meeting showing the actions taken, commencing August 1, 2010. In addition, prior to the approval of the minutes by the Board of Directors of the Pima IDA, a tape recording of each meeting (or other transcript) is available at the offices of the Pima IDA’s counsel, Russo, Russo & Slania, P.C. (address noted below).

After the approval of the minutes by the Board of Directors of the Pima IDA at a subsequent meeting, the minutes of each meeting (commencing August 1, 2010) will be posted under Minutes.