Introduced by Mr. Peroutka, Chairman (by request of the County Executive)
AN ORDINANCE concerning: the issuance, sale and delivery of Anne Arundel County, Maryland general obligation bonds and bond anticipation notes – FOR the purpose of authorizing the issuance by Anne Arundel County, Maryland, of bond anticipation notes in an amount to be outstanding at any time not in excess of Four Hundred Million Dollars ($400,000,000) and bonds in an amount not exceeding One Billion Eighty-One Million Two Hundred Forty-Five Thousand Seven Hundred Seventy-Nine Dollars ($1,081,245,779) One Billion Eighty-Nine Million Nine Hundred Eighty-Seven Thousand Seven Hundred Seventy-Five Dollars ($1,089,987,775) in order to finance in whole or in part the construction of capital projects set forth in the capital budget of the County for the fiscal year ending June 30, 2019, or in such capital budgets for prior fiscal years, or usable portions thereof; authorizing the issuance by the County of refunding bonds to refund some or all of the outstanding bond issues of the County listed on Exhibit II attached hereto and incorporated herein in an aggregate principal amount not to exceed 120% of the aggregate principal amount of the outstanding bonds to be refunded subject to the requirement that debt service savings shall be achieved in connection with any such refunding; etc.