Prince George's County Council - Reference No. CR-078-2021

• Reference No.: CR-078-2021
• Draft No.: 1
• Type: Resolution
• Status: Adopted
• Meeting Body: County Council
• Meeting Date: 7/13/2021
• Introduced Date: 7/6/2021
• Effective date: 7/13/2021
• 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, Calvin S. Hawkins, Derrick Leon Davis, Rodney C. Streeter, Dannielle M. Glaros, Todd M. Turner, Deni L. Taveras, Thomas E. Dernoga, Sydney J. Harrison, Jolene Ivey, Monique Anderson-Walker
• Contact: Kathleen H. Canning, Legislative Officer

Date	Ver.	Action By	Action	Result
7/13/2021	1	County Council	adopted	Pass
7/8/2021	1	Sitting as the Committee of the Whole	Favorably recommended	Pass
7/6/2021	1	County Council	introduced and referred

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

This resolution approves a Refunding Plan of the Washington Suburban Sanitary Commission for the issuance of refunding bonds of  the Washington Suburban Sanitary District. Under the provision of the Public Utilities Article of the Annotated Code of Maryland and particularly, Section 22-114 thereof, the Commission is authorized to issue the Refunding Bonds to refund the Refunded Bonds to effect savings in debt service costs, directly or through any debt restructuring and only upon a finding by the Commission that such refunding will result in total savings in debt service costs.