Title
A RESOLUTION CONCERNING APPROVAL OF A CERTAIN REFUNDING PLAN OF THE WASHINGTON SUBURBAN SANITARY COMMISSION FOR THE ISSUANCE OF REFUNDING BONDS for the purpose of approving the Refunding Plan of the Washington Suburban Sanitary Commission for the refunding of certain bonds of the Washington Suburban Sanitary District through the issuance of General Construction Refunding Bonds, Water Supply Refunding Bonds, and Sewage Disposal Refunding Bonds of the Washington Suburban Sanitary District.
Body
FOR USE BY COUNCIL ADMINISTRATION:
Confidential: No
Requested by: Krystal Oriadha
Assigned to: Kathy Canning
Legislastion Type: Resolution
Need by Date: Adoption on October 27, 2026, with the WSSC Spending Affordability Resolution.
Background Necessitating Legislation:
Section 22-114 of the Public Utilities Article of the Annotated Code of Maryland provides that the sale of the Refunding Bonds as authorized thereunder shall not be made unless the Refunding Plan is approved by the County Executives and the County Councils of Prince George's County and Montgomery County.
However, that if during the period of 30 days from the date of delivery of the Refunding Plan any County Executive or County Council shall have failed to approve or disapprove the Refunding Plan, such failure shall be deemed an approval of the Refunding Plan by such County Executive or County Council.
Special Instructions/Concerns/Time Critical Information:
None.
Agencies or Individuals to Contact:
1. Kenny Battle, Committee Director
Comments/Notes:
DRAFTER PLEASE COMPLETE THE FOLLOWING:
Proposer(s): CM Dernoga and Olson
Background
(Official Legislative Background Information for Agenda Item Summary)
This resolution concerns the approval of a Refunding Plan of the Washington Suburban Sanitary Commission (WSSC) for the issuance of General Construction Refunding Bonds, Water Supply Refunding Bonds, and Sewage Disposal Refunding Bonds of the Washington Suburban Sanitary District.
REMINDER: Attach the Legislative file document