Legislation Details

Reference No. CB-030-2009    Draft No. 1
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 7/21/2009
Introduced Date 6/23/2009 Public Hearing Date
Effective date: 9/21/2009    
Title: An Act concerning the issuance and sale of General Obligation Bonds in an amount not to exceed $88,257,000
Proposers/Sponsors: Camille A. Exum, County Executive
Code sections: None - None
Attachments: 1. ACTION SUMMARY S2009030, 2. INCLUSION FILE I-CB-30-2009 Attachment 1, 3. B2009030.pdf
Contact: Joseph Hamlin Office of Law
Title An Act concerning the issuance and sale of General Obligation Bonds in an amount not to exceed $88,257,000 Background This bill provides the authority to issue and sell up to $88,257,000 in general obligation bonds to finance County, School and Community College capital projects in the FY 2010 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.