This resolution authorizes The Metropolitan Government of Nashville and Davidson County to issue interfund tax anticipation notes with an aggregate principal amount not to exceed $208,000,000. These notes are intended to provide short-term financing to manage cash flow needs within the government.
A resolution authorizing the issuance of not to exceed two hundred eight million dollars ($208,000,000) in aggregate principal amount of interfund tax anticipation notes of The Metropolitan Government of Nashville and Davidson County.
What it does
- 1Authorization to issue interfund tax anticipation notes up to $208,000,000.
- 2Notes are to be used for short-term cash flow management.
- 3Approval was obtained from the Budget and Finance Committee and the Metropolitan Council.
This resolution authorizes The Metropolitan Government of Nashville and Davidson County to issue interfund tax anticipation notes with an aggregate principal amount not to exceed $208,000,000. These notes are intended to provide short-term financing to manage cash flow needs within the government.
Activity timeline
- New documentImpact 10
New other: Interfund Tax Anticipation Notes
Legislative history
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