AN ORDINANCE authorizing the issuance and sale of one or more series of sewer revenue bonds and limited tax general obligation bonds payable from sewer revenues of the county in an aggregate principal amount not to exceed $1,200,000,000 to provide funds for acquiring and constructing improvements to the sewer system and to pay the costs of issuing such bonds; authorizing the issuance and sale of one or more series of sewer revenue bonds and limited tax general obligation bonds payable from sewer revenues of the county to refund outstanding obligations of the county payable from sewer revenues and to pay the costs of issuing such refunding bonds; pledging sewer revenues to pay the principal of and interest on sewer revenue bonds issued under this ordinance; amending reserve requirements; and pledging the annual levy of taxes and an additional pledge of sewer revenues to pay the principal of and interest on limited tax general obligation bonds issued under this ordinance.

Committee

Budget and Fiscal Management Committee

Requested by

Giambattista, Jenny

Introduced

May 28, 2024

Passed

June 25, 2024

Enacted

July 3, 2024

Enactment no.

19785

Where it was heard

Metropolitan King County Council Jun 25, 2024 Passed as Amended Pass Budget and Fiscal Management Committee Jun 12, 2024 Passed Out of Committee Without a Recommendation Pass Metropolitan King County Council May 28, 2024 Introduced and Referred

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