Prince George's County Council - Reference No. CB-056-2010

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Details

Reference No.

CB-056-2010 Draft No. 1

Type:

Council Bill

Status:

Enacted

Meeting Body

County Council

Meeting Date

7/13/2010

Introduced Date

6/15/2010

Public Hearing Date

Effective date:

9/13/2010

Title:

An Act concerning borrowing to finance Capital Projects for School Facilities in an amount not to exceed $82,297,000, and providing for the issuance of such bonds

Proposers/Sponsors:

Thomas E. Dernoga, Andrea C. Harrison, Eric C. Olson, Samuel H. Dean, Ingrid M. Turner, Camille A. Exum, County Executive

Code sections:

None - None

Attachments:

1. ACTION SUMMARY S2010056, 2. B2010056.pdf

Contact:

Joseph R. Hamlin Office of Law

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
9/13/2010		County Council	effective		Action details	Meeting details	Not available
7/27/2010		County Executive	signed		Action details	Meeting details	Not available
7/13/2010	1	County Council	Public hearing	Pass	Action details	Meeting details	Not available
7/13/2010	1	County Council	enacted	Pass	Action details	Meeting details	Not available
7/7/2010	1	County Council	FAVORABLE	Pass	Action details	Meeting details	Not available
6/15/2010	1	County Council	referred	Pass	Action details	Meeting details	Not available
6/15/2010		County Council	introduced		Action details	Meeting details	Not available

Title An Act concerning borrowing to finance Capital Projects for School Facilities in an amount not to exceed $82,297,000, and providing for the issuance of such bonds Background This bill provides the authority to borrow an amount not to exceed $82,297,000 to finance school facilities improvements as approved in the FY2011-2016 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 FY2011-2016 Capital Improvement Program. Pursuant to Section 323 of the County Charter, Board of Education capital projects are not referred to a referendum of the voters of the County.

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