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(d) The County finds and declares that the face amount of all tax-exempt bonds (other -� <br />than private activity bonds) issued by the County (and all subordinate entities of the City� including <br />the Authority) during the calendar year in which the Bonds are issued is not reasonably expected to <br />exceed $5,000,000, within the meaning of Section 148( fl(4)(D) of the Code. <br />� <br />` <br />EMT-238666v5 I S <br />CR195-4 <br />