Ordinance 70967

2019 TRANS

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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 (the “City”) for deposit in its General Revenue Fund for the calendar year ending December 31, 2019, and remaining uncollected and other revenues remaining to be collected and deposited in the General Revenue Fund for fiscal year ending June 30, 2020, all such revenues for the General Revenue Fund in the board of The City of St. Louis, Missouri (the “Treasury”), through the issuance by the City 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: 2019-2020

Board Bill Number: 24

Sponsor: Joseph Vollmer

Committee: Ways and Means

Effective: 06/06/2019

Legislative History

  • 05/03/2019

    First Reading

  • 05/17/2019

    Second Reading

  • 05/23/2019

    Perfection

  • 05/31/2019

    Third Reading

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