AN ORDINANCE authorizing the issuance from time to time of limited tax general obligation notes (commercial paper) of the county in an aggregate principal amount not to exceed $150,000,000 outstanding at any time to provide funding to finance or refinance county capital projects; providing for the form, terms and covenants of such notes; providing for the sale of the notes in one or more series from time to time; delegating authority to approve the issuance and sale of such notes within specified parameters, to select one or more commercial paper dealers and to execute mode agreements, dealer agreements, credit enhancement, liquidity facility, and related documents; and pledging the annual levy of taxes to pay the principal of and interest on notes issued under this ordinance.

Committee

Budget and Fiscal Management Committee

Requested by

Sanders, April

Introduced

April 16, 2024

Passed

May 21, 2024

Enactment no.

19764

Where it was heard

Metropolitan King County Council May 21, 2024 Passed as Amended Pass Budget and Fiscal Management Committee May 8, 2024 Recommended Do Pass Substitute Pass Metropolitan King County Council Apr 16, 2024 Introduced and Referred

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