Ordinance 71737

Airport Special Facilities Revenue Bonds

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This Board Bill seeks to authorize the issuance of up to Eighty Million Dollars ($80,000,000) of Special Facilities Revenue Bonds, Series 2023 (St. Louis Lambert International Airport - Southwest Airlines Co. Project) (AMT) (the “Project Bonds”). The Project Bonds will be secured and payable solely from funds pledged under the Indenture of Trust (the “Indenture”) relating to the Project Bonds, such revenues consisting of payments to be made by Southwest Airlines Co. pursuant to the Special Facilities Agreement and the Guaranty (as defined in the Indenture). Proceeds from the sale of the Project Bonds will be used to pay: (a) the costs of the construction, extension and improvement of Special Facilities at the St. Louis Lambert International Airport (the “Airport”), consisting of a baggage claim facility in Terminal 2 at the Airport; (b) all or a portion of capitalized interest on the Bonds; (c) any required debt service reserve funds; and (d) certain costs of issuance of the Project Bonds and other related transaction costs with respect to such Project Bonds, including premiums for any bond insurance or surety.


Session: 2023-2024

Board Bill Number: 110

Primary Sponsors: Shane Cohn

Effective: 11/14/2023

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

  • 09/29/2023

    First Reading

    Bill text was introduced (298.69 KB PDF).

  • 09/29/2023

    Referred to a Committee

    The bill was assigned to the Transportation and Commerce Committee.

  • 10/11/2023

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Transportation and Commerce Committee hearing.

  • 10/13/2023

    Second Reading

  • 10/20/2023


    The bill was passed.

  • 10/27/2023


    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 10/27/2023

    Third Reading

    The bill was passed.

  • 10/27/2023

    Delivered to Mayor

  • 11/14/2023

    Mayor Returns Bill

    The bill was approved.

  • 11/15/2023

    Delivered to Register

  • 01/09/2024

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71737. Effective date is 11/14/2023


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