KrzyKtty
Well-Known Member
Thank you. You've been incredibly helpful and very patient with me .Basically it was the language that gives investors the confidence that RCID would exist after taking their money.. the state law that granted RCID the rights to issue bonds also guaranteed they would to be able to exist and continue their means to complete their obligation.
AKA if this bond was backed with RCID tax income... RCID can't have that ability to tax taken away until the bond obligations are met. It opens a whole new avenue of people that could file suit against the state/RCID and path for RCID to push back that ISN'T addressed in the new law.
Either way I think I'm going to sit back and end up seeing what happens over the next year or 2. Nothing's going to be figured out or solved today. And at the end of the day it's not entirely or really my issue either way since I do not live in this state. I don't see this affecting visitor day-to-day operations really. Worst case prices get more expensive again, which is on par anyway.
Bonus is that this might finally cost Bob Cheapscape his job though.