This resolution authorizes the Metropolitan Government of Nashville and Davidson County to issue up to $158,000,000 in interfund tax anticipation notes. These notes are short-term debt instruments used to manage cash flow before tax revenues are received. The resolution outlines the maximum principal amount and the purpose of the borrowing.
A resolution authorizing the issuance of not to exceed one hundred fifty-eight million dollars ($158,000,000) in aggregate principal amount of interfund tax anticipation notes of The Metropolitan Government of Nashville and Davidson County.
What it does
- 1Authorizes issuance of up to $158,000,000 in interfund tax anticipation notes
- 2Specifies the notes are for cash flow management prior to receipt of tax revenues
- 3Sets aggregate principal amount limit for the notes
This resolution authorizes the Metropolitan Government of Nashville and Davidson County to issue up to $158,000,000 in interfund tax anticipation notes. These notes are short-term debt instruments used to manage cash flow before tax revenues are received. The resolution outlines the maximum principal amount and the purpose of the borrowing.
Legislative history
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