This resolution authorizes the Metropolitan Government of Nashville and Davidson County to issue and sell electric system revenue bond anticipation notes in the form of commercial paper, with an aggregate principal amount not to exceed $100,000,000. It also authorizes related agreements including dealer agreements, issuing and paying agency agreements, and credit or liquidity facility agreements, and classifies the notes as subordinated debt under a prior resolution.
A resolution authorizing and providing for the issuance and sale by The Metropolitan Government of Nashville and Davidson County of electric system revenue bond anticipation notes in the form of commercial paper in an aggregate principal amount outstanding at any one time not to exceed $100,000,000, such bond anticipation notes to constitute "Subordinated Debt" under Substitute Resolution No. R85-746; authorizing and providing for one or more dealer agreements, issuing and paying agency agreements, and credit and/or liquidity facility agreements; and providing for certain other matters related thereto.
What it does
- 1Authorization to issue and sell electric system revenue bond anticipation notes as commercial paper up to $100,000,000.
- 2Designation of the bond anticipation notes as subordinated debt under Substitute Resolution No. R85-746.
- 3Authorization for entering into dealer agreements, issuing and paying agency agreements, and credit and/or liquidity facility agreements.
This resolution authorizes the Metropolitan Government of Nashville and Davidson County to issue and sell electric system revenue bond anticipation notes in the form of commercial paper, with an aggregate principal amount not to exceed $100,000,000. It also authorizes related agreements including dealer agreements, issuing and paying agency agreements, and credit or liquidity facility agreements, and classifies the notes as subordinated debt under a prior resolution.
Activity timeline
- New documentImpact 10
New exhibit: Exhibit 1
- New documentImpact 10
New exhibit: Exhibit 2
- New documentImpact 10
New exhibit: Exhibit 1
- New documentImpact 10
New exhibit: Exhibit 2
Legislative history
Get alerts when RS2026-2397 changes
LegisGo tracks every amendment, substitute, and vote on Metro Council legislation. Free to sign up. Alerts are instant or in a daily digest.
No credit card. Nashville Metro Council coverage is free during launch.