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regulations pursuant to the Internal Revenue Code of 1986, as amended, from the proceeds of <br />one or more issues of bonds issued to fund the projects. As of the date of this ordinance, the <br />maximum projected amount of general obligation bonds and notes to be issued is not expected to <br />exceed $1 3,575,000. <br />5. That the City Manager is hereby authorized and directed to do all things necessary <br />to implement the FY 2022 -2026 Capital Improvement Program. <br />6. That this ordinance shall take effect on July 1, 2021. <br />ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held on <br />May 11, 2021. <br />Teste: <br />City Clerk <br />