Board Bill Number 102 In Session 2022-2023

Airport Revenue Bonds

Summary

This Board Bill seeks to authorize the issuance of up to One Hundred Fifty Million Dollars ($150,000,000) airport revenue bonds (the "Bonds"). The Bonds will be secured and payable solely from funds pledged under the Amended and Restated Indenture of Trust dated as of July 1, 2009, as amended and supplemented from time to time, including the revenues derived from the operation of the Airport. Proceeds from the sale of the bonds will be used to: (1) finance the cost of the purchasing, extension, improvement or enlargement of the airport, (2) fund capitalized interest, if any, (3) fund any required debt service reserve account, and (4) pay the costs associated with issuing the Bonds, including premiums for any bond insurance or surety.

Download

Latest Bill text:

Overview

Session: 2022-2023

Introduced: 10/14/2022

Primary Sponsors: Shane Cohn

Latest Activity: Delivered to Mayor

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

  • 10/14/2022

    First Reading

    Bill text was introduced (498.58 KB PDF).

  • 10/14/2022

    Referred to a Committee

    The bill was assigned to the Transportation and Commerce Committee.

  • 10/18/2022

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Transportation and Commerce Committee hearing.

  • 10/21/2022

    Second Reading

  • 10/28/2022

    Perfection

    The bill was passed.

  • 11/04/2022

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 11/04/2022

    Third Reading

    The bill was passed.

  • 11/04/2022

    Delivered to Mayor

Votes

11/04/2022 Vote Results

Aye Votes 27
No Votes 0
Final Passage Vote

View vote details

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