Official:Constituting the Tenth Supplemental Ordinance to the General Gas Works Revenue Bond Ordinance of 1998 (the "1998 General Ordinance"); authorizing the City to sell, either at public or private sale, Gas Works Revenue Bonds, Ninth Series, to pay the costs of certain capital projects and other Project Costs; authorizing the City to obtain Credit Facilities for the Ninth Series Bonds; making certain determinations and covenants relating to Gas Works Revenues and the payment of interest and principal; and authorizing covenants and actions in order that the Ninth Series Bonds shall not be arbitrage bonds; all under certain terms and conditions.
Sponsor: Councilmember Tasco
Introduced: April 23, 2009
Signed: May 21, 2009
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill authorizes the City to sell bonds to fund gas works revenue projects and provides terms for repayment.
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