Board Bill No. 25 | Session 2012-2013

Short term borrowing

BOARD BILL NO. 25 INTRODUCED BY: Alderwoman Lyda Krewson and President Lewis Reed An Ordinance to provide for the borrowing of funds in anticipation of the collection of tax payments levied by the City of St. Louis, Missouri for deposit in its General Revenue Fund for the calendar year ending December 31, 2012, and remaining uncollected and other revenues remaining to be collected and deposited in the General Revenue Fund for fiscal year ending June 30, 2013, all such revenues for the General Revenue Fund in the Treasury of the City of St. Louis, Missouri through the issuance by the City of St. Louis, Missouri of its Tax and Revenue Anticipation Notes, and the acquiring of credit enhancement, if necessary, in order to lower the cost of such borrowing; prescribing the form and details of such Notes; authorizing and approving certain documents and other actions; and containing an emergency clause.

Legislative History


Sponsor: Lyda Krewson
Co-Sponsors: Lewis E Reed
Committee: Ways and Means
Actions: 05/18/2012 Third Reading
05/11/2012 Perfection
05/04/2012 Second Reading
04/27/2012 First Reading

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Effective Date: 05/22/2012
Ordinance #: 69155

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