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

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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