Prince George's County Council - Reference No. CB-102-2012

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Details

Reference No.

CB-102-2012 Draft No. 1

Type:

Council Bill

Status:

Enacted

Meeting Body

County Council

Meeting Date

11/7/2012

Introduced Date

10/9/2012

Public Hearing Date

Effective date:

1/7/2013

Title:

An Act concerning the issuance and sale of General Obligation Stormwater Management Bonds in an amount not to exceed Fifty-Seven Million Two Hundred Ninety-Nine Thousand Dollars ($57,299,000)

Proposers/Sponsors:

Andrea C. Harrison, County Executive

Code sections:

None - None

Attachments:

1. ACTION SUMMARY S2012102, 2. B2012102.pdf

Contact:

Joseph Hamlin Office of Law

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
1/7/2013		County Council	effective		Action details	Meeting details	Not available
11/21/2012		County Executive	signed		Action details	Meeting details	Not available
11/7/2012	1	County Council	enacted	Pass	Action details	Meeting details	Not available
11/7/2012	1	County Council	Public hearing	Pass	Action details	Meeting details	Not available
10/22/2012	1	Public Safety and Fiscal Management Committee	Favorably recommended		Action details	Meeting details	Not available
10/9/2012	1	County Council	referred	Pass	Action details	Meeting details	Not available
10/9/2012		County Council	introduced		Action details	Meeting details	Not available

Title An Act concerning the issuance and sale of General Obligation Stormwater Management Bonds in an amount not to exceed Fifty-Seven Million Two Hundred Ninety-Nine Thousand Dollars ($57,299,000) Background This bill provides the authority to issue and sell bonds in an amount not to exceed $57,299,000 for stormwater management projects and reflects the amount programmed in the FY 2013 Capital Budget, stormwater management bond anticipation notes in anticipation of any such bonds, and stormwater management refunding bonds. Revenue from Stormwater Management District Fund will support the interest and principal payments on the bonds, notes and refunding bonds issued and sold pursuant to the legislation. 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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