This resolution authorizes the issuance and sale of up to $61,000,000 in federally taxable general obligation refunding bonds by the Metropolitan Government of Nashville and Davidson County. It also provides for the levy of ad valorem taxes to ensure payment of debt service on these bonds.
Resolution authorizing the issuance, sale and payment of federally taxable general obligation refunding bonds in an approximate principal amount of $61,000,000; and providing for the levy of ad valorem taxes for the payment of debt service on the bonds
What it does
- 1Authorizes issuance and sale of up to $61,000,000 in federally taxable general obligation refunding bonds
- 2Provides for the levy of ad valorem taxes to pay debt service on the bonds
- 3Establishes terms for payment and administration of the bonds
This resolution authorizes the issuance and sale of up to $61,000,000 in federally taxable general obligation refunding bonds by the Metropolitan Government of Nashville and Davidson County. It also provides for the levy of ad valorem taxes to ensure payment of debt service on these bonds.
Legislative history
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