Airport Revenue Bonds
This Board Bill seeks to authorize the issuance of up to One Hundred Fifty Million Dollars ($150,000,000) 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) fund capitalized interest, if any, (3) fund any required debt service reserve account, and (4) pay the costs associated with issuing the Bonds, including premiums for any bond insurance or surety.
Legislative activities and outcomes for this board bill. Learn more about what these activities mean.
Bill text was introduced (499.35 KB PDF).12/01/2022
Referred to a Committee
The bill was assigned to the Transportation and Commerce Committee.12/06/2022
The bill was passed out of committee with a recommendation of do pass during the Transportation and Commerce Committee hearing.12/09/2022
The bill was placed on the informal calendar.12/13/2022
The bill was passed.12/13/2022
The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.12/13/2022
The bill was passed.12/13/2022Feedback is anonymous.
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