Ordinance 66701

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, 2005

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Summary

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, 2005, AND REMAINING UNCOLLECTED AND OTHER REVENUES REMAINING TO BE COLLECTED AND DEPOSITED IN THE GENERAL REVENUE FUND FOR FISCAL YEAR ENDING JUNE 30, 2006, 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.

Overview

Session: 2005-2006

Board Bill Number: 73

Sponsor: Stephen Conway

Committee: Ways and Means

Effective: 06/07/2005

Co-Sponsors:

James F Shrewsbury

Legislative History

  • 05/06/2005

    First Reading

  • 05/20/2005

    Second Reading

  • 05/26/2005

    Perfection

  • 05/26/2005

    Third Reading

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