Prince George's County Council - Reference No. CR-081-2016

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Details

Reference No.

CR-081-2016 Draft No. 1

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

10/4/2016

Introduced Date

10/4/2016

Public Hearing Date

Effective date:

Title:

A RESOLUTION CONCERNING 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 Washington Suburban Sanitary District through the issuance of General Construction Refunding Bonds, Water Supply Refunding Bonds, and Sewage Disposal Refunding Bonds of Washington Suburban Sanitary District.

Proposers/Sponsors:

Washington Suburban Sanitary Commission, Mel Franklin, Deni L. Taveras, Todd M. Turner

Attachments:

1. R2016081, 2. CR-81-2016 AIS.pdf, 3. CR-81-2016 EXHIBIT A, 4. CR-81-2016 Transmittal Letter

Contact:

Washington Suburban Sanitary Commission (WSSC)

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
10/14/2016	1	County Executive	signed		Action details	Meeting details	Not available
10/4/2016	1	County Council	introduced		Action details	Meeting details	Video
10/4/2016	1	County Council	rules suspended	Pass	Action details	Meeting details	Video
10/4/2016	1	County Council	adopted	Pass	Action details	Meeting details	Video

Title

A RESOLUTION CONCERNING 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 Washington Suburban Sanitary District through the issuance of General Construction Refunding Bonds, Water Supply Refunding Bonds, and Sewage Disposal Refunding Bonds of 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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