Our district submitted an IFA application last year (June 2005). Do we have to re-apply for the new upcoming deadline (June 2006)?
If your district applied last year (June 2005), but did not issue the proposed debt within 180 days of the last deadline (December 12, 2005), then yes, your district must re-apply. If your district applied last year (June 2005) and issued the proposed debt within 180 days (on or prior to December 12, 2005), then no, the district does not have to re-apply. If your district applied in a previous year, but did not issue the proposed debt, then yes your district must re-apply. If your district applied in a previous year, and did issue the proposed debt (if that debt has not become EDA eligible), then no the district does not have to re-apply.
