Board Bill Number 25 | Session 2014-2015

Short term borrowing

Board Bill

BOARD BILL NO. 25 INTRODUCED BY: Alderman Terry Kennedy 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, 2014, and remaining uncollected and other revenues remaining to be collected and deposited in the General Revenue Fund for fiscal year ending June 30, 2015, 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.

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Legislative History

Sponsor: Terry Kennedy
Co-Sponsors: Lewis E Reed
Committee: Ways and Means
Actions: 05/22/2014 Third Reading
05/16/2014 Perfection
05/09/2014 Second Reading
04/25/2014 First Reading


Effective Date: 05/22/2014
Ordinance #: 69746

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