Prince George's County Council - Reference No. CR-039-2015

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Details

Reference No.

CR-039-2015 Draft No. 1

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

7/14/2015

Introduced Date

7/14/2015

Public Hearing Date

Effective date:

Title:

A RESOLUTION CONCERNING THE 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 Bonds, General Construction Refunding Bonds, Water Supply Refunding Bonds, Sewage Disposal Refunding Bonds, Water Supply Bonds, Sewage Disposal Bonds and Consolidated Public Improvement Bonds of the Washington Suburban Sanitary District.

Proposers/Sponsors:

Washington Suburban Sanitary Commission, Todd M. Turner

Attachments:

1. R2015039.pdf, 2. I-CR-39-2015 Attachment A.pdf, 3. CR-39-2015 AIS

Contact:

WSSC

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
7/24/2015	1	County Executive	signed		Action details	Meeting details	Not available
7/14/2015	1	County Council	introduced		Action details	Meeting details	Video
7/14/2015	1	County Council	rules suspended	Pass	Action details	Meeting details	Video
7/14/2015	1	County Council	adopted	Pass	Action details	Meeting details	Video

Title

A RESOLUTION CONCERNING THE 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 Bonds, General Construction Refunding Bonds, Water Supply Refunding Bonds, Sewage Disposal Refunding Bonds, Water Supply Bonds, Sewage Disposal Bonds and Consolidated Public Improvement 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 sale of refunding bonds by the Washington Suburban Sanitary Commission (“Commission”) shall be approved by the County Executive and County Council of Prince George’s and Montgomery Counties, respectively. This approval must occur within 30 days of receipt of a Refunding Plan from the Commission. If action is not taken within the thirty-day period, the Refunding Plan stands approved.

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