City of Baltimore - File #: 12-0076

• File #: 12-0076
• Version: 0
• Name: Maryland Department of Transportation - County Transportation Revenue Bonds - Series 2012
• Type: Mayor and City Council Res.
• Status: Enacted
• File created: 5/7/2012
• In control: City Council
• Final action: 6/21/2012
• Enactment #: 12-02
• Title: Maryland Department of Transportation - County Transportation Revenue Bonds - Series 2012 FOR the purpose of authorizing the Mayor and City Council of Baltimore to enter into an agreement with the Maryland Department of Transportation in connection with the participation by the City in the proceeds derived from the sale of certain bonds, to be known as Department of Transportation of Maryland - County Transportation Revenue Bonds, Series 2012 or as otherwise designated by the Secretary of Transportation and to be issued pursuant to State Transportation Article, Title 3, Subtitle 5; authorizing certain officials of the City to take certain actions in connection with the City's participation in the proceeds of the sale of such bonds; providing for the pledge of the City's share of Highway User Revenues to the payment of such bonds; providing that neither the faith and credit nor the taxing power of the City shall be pledged to the City's payment obligations under the Participation Agr...
• Sponsors: City Council President (Administration)
• Indexes: County Transportation, Maryland Department of Transportation (MDOT), Revenue Bonds

Date	Ver.	Action By	Action	Result
6/21/2012	0	Mayor	Signed by Mayor
6/18/2012	0	City Council	Approved and Sent to the Mayor
6/11/2012	0	Taxation, Finance and Economic Development Committee	Recommended Favorably
6/11/2012	0	City Council
5/16/2012	0	Taxation, Finance and Economic Development Committee	Advertising
5/16/2012	0	Taxation, Finance and Economic Development Committee	Advertising
5/15/2012	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
5/10/2012	0	The City Council	Referred for a Report
5/10/2012	0	The City Council	Referred for a Report
5/10/2012	0	The City Council	Referred for a Report
5/10/2012	0	The City Council	Introduced
5/10/2012	0	The City Council	Referred for a Report
5/10/2012	0	The City Council	Referred for a Report
5/7/2012	0	City Council	Introduced
5/7/2012	0	City Council	Assigned

* 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 (Department of Finance)

A RESOLUTION ENTITLED

A RESOLUTION OF THE MAYOR AND CITY COUNCIL concerning
title
Maryland Department of Transportation - County Transportation Revenue Bonds - Series 2012

FOR the purpose of authorizing the Mayor and City Council of Baltimore to enter into an agreement with the Maryland Department of Transportation in connection with the participation by the City in the proceeds derived from the sale of certain bonds, to be known as Department of Transportation of Maryland - County Transportation Revenue Bonds, Series 2012 or as otherwise designated by the Secretary of Transportation and to be issued pursuant to State Transportation Article, Title 3, Subtitle 5; authorizing certain officials of the City to take certain actions in connection with the City's participation in the proceeds of the sale of such bonds; providing for the pledge of the City's share of Highway User Revenues to the payment of such bonds; providing that neither the faith and credit nor the taxing power of the City shall be pledged to the City's payment obligations under the Participation Agreement identified herein; providing for the severability of the provisions of this Resolution; providing that this Resolution shall be liberally construed; and providing for a special effective date.
body

Recitals

State Transportation Article, Title 3, Subtitle 5 (the “Enabling Law”) authorizes the Maryland Department of Transportation (the “Department”) to issue its bonds...