Prince George's County Council - Reference No. CB-041-2008

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Details

Reference No.

CB-041-2008 Draft No. 1

Type:

Council Bill

Status:

Enacted

Meeting Body

County Council

Meeting Date

7/15/2008

Introduced Date

6/17/2008

Public Hearing Date

Effective date:

9/12/2008

Title:

An Act concerning the issuance and sale of General Obligation Bonds to finance County and School Capital Projects in an amount not to exceed One Hundred Thirty-eight Million Three Hundred Thirty-two Thousand Dollars ($138,332,000)

Proposers/Sponsors:

Camille A. Exum, Marilynn Bland, Samuel H. Dean, County Executive

Code sections:

None - None

Attachments:

1. ACTION SUMMARY S2008041, 2. INCLUSION FILE I-CB-41-2008 Attachment 1, 3. B2008041.pdf

Contact:

Joseph R. Hamlin Office of Law

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
9/12/2008		County Council	effective		Action details	Meeting details	Not available
7/29/2008		County Executive	signed		Action details	Meeting details	Not available
7/15/2008	1	County Council	Public hearing	Pass	Action details	Meeting details	Not available
7/15/2008	1	County Council	enacted	Pass	Action details	Meeting details	Not available
6/17/2008		County Council	introduced		Action details	Meeting details	Not available
6/9/2008	1	County Council	FAVORABLE	Pass	Action details	Meeting details	Not available
6/3/2008	1	County Council	referred	Pass	Action details	Meeting details	Not available
6/3/2008		County Council	presented		Action details	Meeting details	Not available

Title An Act concerning the issuance and sale of General Obligation Bonds to finance County and School Capital Projects in an amount not to exceed One Hundred Thirty-eight Million Three Hundred Thirty-two Thousand Dollars ($138,332,000) Background This bill provides the authority to issue and sell up to $138,332,000 in general obligation bonds to finance County, School and Community College capital projects in the FY 2009 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.

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