Legislation Details

Reference No. CB-012-2010    Draft No. 1
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 9/7/2010
Introduced Date 7/13/2010 Public Hearing Date
Effective date: 11/12/2010    
Title: An Act concerning the issuance and sale of General Obligation Bonds to finance the Waste Transfer Station capital project in an amount not to exceed Nineteen Million Six Hundred Seventy-Five Thousand Dollars ($19,675,000)
Proposers/Sponsors: Camille A. Exum, Ingrid M. Turner, Andrea C. Harrison, County Executive
Code sections: None - None
Attachments: 1. ACTION SUMMARY S2010012, 2. INCLUSION FILE I-CB-12-2010 Attachment 1, 3. B2010012.pdf
Contact: Joseph R. Hamlin Office of Law
Title An Act concerning the issuance and sale of General Obligation Bonds to finance the Waste Transfer Station capital project in an amount not to exceed Nineteen Million Six Hundred Seventy-Five Thousand Dollars ($19,675,000) Background This Bill provides the authority to issue and sell up to $19,675,000 in general obligation bonds to finance the Waste Transfer Station capital project in the FY 2010 Capital Budget, as amended, general obligation bond anticipation notes in anticipation of any such bond, and general obligation refunding bonds. 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.