Board Bill Number 207 In Session 2023-2024

Airport Revenue Bonds

Summary

This Board Bill seeks to authorize the issuance of up to Three Hundred Twenty Million Dollars ($320,000,000) 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) provide for the funding of any required debt service reserve funds and any capitalized interest funds, if any, and (3) pay the costs associated with issuing the Bonds, including premiums for any bond insurance or surety.

Download

Latest Bill text:

Overview

Session: 2023-2024

Introduced: 01/26/2024

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.

  • 01/26/2024

    First Reading

    Bill text was introduced (325.61 KB PDF).

  • 01/26/2024

    Referred to a Committee

    The bill was assigned to the Transportation and Commerce Committee.

  • 01/29/2024

    Committee Hearing

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

  • 02/02/2024

    Second Reading

  • 02/09/2024

    Perfection

    The bill was passed.

  • 02/16/2024

    Engrossment

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

  • 02/16/2024

    Third Reading

    The bill was passed.

  • 02/16/2024

    Delivered to Mayor

Votes

02/16/2024 Vote Results

Aye Votes 14
No Votes 0
Final Passage Vote

View vote details

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