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 Four Hundred Forty Three Million Six Hundred and Sixty-Eight Thousand Dollars ($443,668,000)
Background
This bill provides the authority to issue and sell up to $443,668,000 in general obligation bonds to finance County, school and community college capital projects in the FY2008 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.