Legislation Details

Reference No. CB-036-2008    Draft No. 1
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 7/23/2008
Introduced Date 7/1/2008 Public Hearing Date
Effective date: 11/18/2008    
Title: An Act concerning borrowing to finance Capital Projects for County Buildings in an amount not to exceed $112,596,000, and providing for the issuance of such bonds subject to referendum of the legal voters of the County
Proposers/Sponsors: Samuel H. Dean, Marilynn Bland, Andrea C. Harrison, Ingrid M. Turner, County Executive
Code sections: None - None
Attachments: 1. ACTION SUMMARY S2008036, 2. B2008036.pdf
Contact: Joseph R. Hamlin Office of Law
Title An Act concerning borrowing to finance Capital Projects for County Buildings in an amount not to exceed $112,596,000, and providing for the issuance of such bonds subject to referendum of the legal voters of the County Background This bill provides the authority to borrow an amount not to exceed $112,596,000 to finance improvements to County buildings as approved in the FY2009-2014 Capital Improvement Program. The amount enabled will provide sufficient funding to complete a useable portion of each project as required by Section 823 of the County Charter. The borrowings authorized in this bill will occur over several years as programmed in the FY2009-2014 Capital Improvement Program.