Legislation Details

Reference No. CR-071-2018    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body Transportation, Housing and the Environment Committee
Meeting Date 10/16/2018
Introduced Date 10/9/2018 Public Hearing Date
Effective date:    
Title: A RESOLUTION CONCERNING APPROVAL OF A CERTAIN REFUNDING PLAN OF THE WSSC for the issuance of Refunding Bonds for the purpose of approving the Refunding Plan of the WSSC 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.
Proposers/Sponsors: Washington Suburban Sanitary Commission, Dannielle M. Glaros, Todd M. Turner, Deni L. Taveras, Derrick Leon Davis
Attachments: 1. R2018071, 2. CR-71-2018 Exhibit A, 3. CR-71-2018 AIS, 4. CR-071-2018 Report
Contact: Kathleen H. Canning, Legislative Officer

Title

A RESOLUTION CONCERNING APPROVAL OF A CERTAIN

REFUNDING PLAN OF THE WSSC for the issuance of Refunding Bonds for the purpose of approving the Refunding Plan of the WSSC 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.

 

Background

Section 22-114 of the Public Utilities Article of the Annotated Code of Maryland requires that the issuance of refunding bonds by the Washington Suburban Sanitary District be approved by the County Executive and the County Council of Prince George's County and Montgomery County, respectively.  The Bond Refunding Plan will provide the Commission with the opportunity to realize debt service savings.