GOV
Ordinance 71848
Airport Revenue Bonds
Summary
This Board Bill seeks to authorize the issuance of up to Three Hundred Twenty Million Dollars ($320,000,000) 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) provide for the funding of any required debt service reserve funds and any capitalized interest funds, if any, and (3) pay the costs associated with issuing the Bonds, including premiums for any bond insurance or surety.
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Overview
Legislative History
Legislative activities and outcomes for this board bill. Learn more about what these activities mean.
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04/26/2024
First Reading
Bill text was introduced (273.63 KB PDF).
04/26/2024Referred to a Committee
The bill was assigned to the Transportation and Commerce Committee.
04/29/2024Committee Hearing
The bill was passed out of committee with a recommendation of do pass during the Transportation and Commerce Committee hearing.
05/03/2024Second Reading
05/10/2024Perfection
The bill was passed.
05/17/2024Engrossment
The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.
05/17/2024Third Reading
The bill was passed.
05/17/2024Delivered to Mayor
05/17/2024Mayor Returns Bill
The bill was approved.
05/17/2024Delivered to Register
05/22/2024Register Returns Notice with Ordinance Number
Register returns ordinance number 71848. Effective date is 05/17/2024
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