| An initial resolution authorizing the issuance of General Obligation Bonds and General Obligation School Board of Shelby County, Tennessee, in the aggregate maximum principal amount of not to exceed One Hundred Twenty Million Dollars ($120,000,000), to be issued in one or more series, to finance or refinance public works projects in Shelby County pursuant to Section 9 21 101, Et Seq., of the Tennessee Code Annotated and in the case of bonds issues for school purposes pursuant to Section 49 3 1001, Et Seq., of the Tennessee Code Annotated; declaring the County's official intent pursuant to Treasury regulation Section 1.150-2(e) to seek reimbursement for certain Capital expenditures made with respect to the acquisition, construction and equipping of certain school facilities, public building improvements and related equipment; authorizing the issuance of bond anticipation notes in anticipation of the issuance of such General Obligation Bonds and General Obligation School Bonds pursuant to the requirements of Part 5 of Chapter 21 of Title 9 of the Tennessee Code Annotated or Capital outlay notes pursuant to Part 6 of Chapter 21 of Title 9 of Tennessee Code Annotated; and to pay the costs of issuance and sale of such bonds and providing an effective date. Sponsored by Commissioner Heidi Shafer. |