City of Baltimore - File #: 09-0417

• File #: 09-0417
• Version: 0
• Name: Baltimore City Board of School Commissioners - School System Revenue Bonds - Approval
• Type: Mayor and City Council Res.
• Status: Enacted
• File created: 11/2/2009
• In control: City Council
• Final action: 11/4/2009
• Enactment #: 09-17
• Title: Baltimore City Board of School Commissioners - School System Revenue Bonds - Approval FOR the purpose of approving the issuance by the Baltimore City Board of School Commissioners of its revenue bonds, designated "School System Revenue Bonds (Qualified School Construction Bonds), Series 2009 (Tax Credit Bonds)" and "School System Revenue Bonds (Refunding Bonds), Series 2009", subject to certain conditions; requiring certain statements, disclosures, and reports; and providing for a special effective date.
• Sponsors: City Council President (Administration)
• Indexes: Mayor and City Council Resolution, Resolution-Mayor and City Council, School Commissioners

Date	Ver.	Action By	Action	Result
11/4/2009	0	Mayor	Signed by Mayor
11/2/2009	0	City Council	Introduced
11/2/2009	0	City Council	Advanced to 2nd Reader on same day
11/2/2009	0	City Council	Advanced to 3rd Reader on same day
11/2/2009	0	City Council	Approved and Sent to the Mayor

* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*

CITY OF BALTIMORE
COUNCIL BILL

Introduced by: The Council President
At the request of: The Administration (Baltimore City Board of School Commissioners)

A RESOLUTION ENTITLED

A RESOLUTION OF THE MAYOR AND CITY COUNCIL concerning
title
Baltimore City Board of School Commissioners - School System Revenue Bonds - Approval

FOR the purpose of approving the issuance by the Baltimore City Board of School Commissioners of its revenue bonds, designated "School System Revenue Bonds (Qualified School Construction Bonds), Series 2009 (Tax Credit Bonds)" and "School System Revenue Bonds (Refunding Bonds), Series 2009", subject to certain conditions; requiring certain statements, disclosures, and reports; and providing for a special effective date.
body
Recitals

State Education Article § 4-306.1 et seq. (the "State Law") authorizes the Baltimore City Board of School Commissioners of the Baltimore City Public School System (the "Board"), subject to certain conditions, to issue its bonds for certain public school purposes.

These bonds would not pledge the full faith and credit of or otherwise create or constitute a debt of the Mayor and City Council of Baltimore (the "City"), the State of Maryland (the "State"), or any political subdivision of the State.

One of the conditions imposed on the Board's issuance of any bonds is that the City first adopt a resolution approving that issuance.

The Board proposes to issue its revenue bonds, designated "School System Revenue Bonds (Qualified School Construction Bonds), Series 2009 (Tax Credit Bonds)" and "School System Revenue Bonds (Refunding Bonds), Series 2009", or...