Reference No. CB-059-2012    Draft No. 1
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 11/7/2012
Introduced Date 10/2/2012 Public Hearing Date
Effective date: 1/7/2013    
Title: An Act concerning the issuance and sale of General Obligation Bonds in an amount not to exceed $133,604,000
Proposers/Sponsors: Andrea C. Harrison, Derrick Leon Davis, County Executive
Code sections: None - None
Attachments: 1. ACTION SUMMARY S2012059, 2. INCLUSION FILE I-CB-59-2012 Attachment 1, 3. B2012059.pdf
Contact: Joseph R. Hamlin Office of Law
Title An Act concerning the issuance and sale of General Obligation Bonds in an amount not to exceed $133,604,000 Background This bill provides the authority to issue and sell up to $133,604,000 in general obligation bonds to finance County, School and Community College capital projects in the FY 2012 Capital Budget, general obligation bond anticipation notes in anticipation of any such bonds, and general obligation refunding bonds. The projects are listed in Attachment 1 of the legislation. The fiscal impact on the County for any bonds or bond anticipation notes will be negative to the extent of the debt service obligation incurred by the County when the bonds or notes are sold; the fiscal impact on the County for any refunding bonds should be positive when such refunding bonds are sold.



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