City of Baltimore - File #: 24-0535

• File #: 24-0535
• Version: 0
• Name: Bond Issue - School Loan - $55,000,000
• Type: Ordinance
• Status: In Committee
• File created: 5/16/2024
• In control: Ways and Means
• Title: Bond Issue - School Loan - $55,000,000 For the purpose of authorizing the Mayor and City Council of Baltimore (pursuant to General Assembly House Resolution II and Senate Resolution II of 2024 approved by the members of the Maryland General Assembly representing Baltimore City) to create a debt, and to issue and sell, at any time or from time to time and in one or more series its certificates of indebtedness as evidence thereof, and proceeds not exceeding FIFTY-FIVE Million Dollars ($55,000,000.00) from the sale of such certificates of indebtedness to be used for the cost of issuance, including the expense of engraving, printing, advertising, attorneys’ fees, and all other incidental expenses connected therewith (which may include the proportion of the compensation of employees and general administrative expenses of the Department of Finance reasonably allocated to the issuance of the bonds); and the remainder of such proceeds shall be used for the acquisition, by purchase, lease, cond...
• Sponsors: Administration City Council
• Indexes: Bond Issue, Loan, School

Date	Ver.	Action By	Action	Result
6/17/2024	0	Ways and Means	Scheduled for a Public Hearing
5/21/2024	0	Baltimore City Council	Refer to Dept. of Finance
5/21/2024	0	Baltimore City Council	Refer to Dept. of Health
5/21/2024	0	Baltimore City Council	Refer to Baltimore City Public School System
5/21/2024	0	Baltimore City Council	Refer to Dept. of Recreation and Parks
5/21/2024	0	Baltimore City Council	Refer to Baltimore Development Corporation
5/21/2024	0	Baltimore City Council	Refer to Dept. of Planning
5/21/2024	0	Baltimore City Council	Refer to 3-1-1 One Call and Dispatch Center
5/21/2024	0	Baltimore City Council	Refer to Dept. of Housing and Community Development
5/21/2024	0	Baltimore City Council	Refer to City Solicitor
5/16/2024	0	Baltimore 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 Planning)


A Bill Entitled

An Ordinance concerning
title
Bond Issue - School Loan - $55,000,000
For the purpose of authorizing the Mayor and City Council of Baltimore (pursuant to General Assembly House Resolution II and Senate Resolution II of 2024 approved by the members of the Maryland General Assembly representing Baltimore City) to create a debt, and to issue and sell, at any time or from time to time and in one or more series its certificates of indebtedness as evidence thereof, and proceeds not exceeding FIFTY-FIVE Million Dollars ($55,000,000.00) from the sale of such certificates of indebtedness to be used for the cost of issuance, including the expense of engraving, printing, advertising, attorneys’ fees, and all other incidental expenses connected therewith (which may include the proportion of the compensation of employees and general administrative expenses of the Department of Finance reasonably allocated to the issuance of the bonds); and the remainder of such proceeds shall be used for the acquisition, by purchase, lease, condemnation or any other legal means, of land or property, or any rights therein, in the City of Baltimore, and demolishing, constructing and erecting on said land or property, or on any land or property now or hereafter owned by the Baltimore City Board of School Commissioners and/or the Mayor and City Council of Baltimore, new s...