30 results for “public debt” · proposal
30 results for “public debt” · proposal
This legislation amends Pennsylvania's Second Class Township Code to establish and clarify tax levy authorities for second-class townships. The amendments modify Section 3205 regarding township and special tax levies, allowing township boards of supervisors to levy taxes on real property for various purposes, including general township operations (up to fourteen mills, potentially increased to nineteen mills by court petition), highway lighting (five mills), public buildings (fifty percent of general tax rate), fire protection (three mills with provisions for employee compensation), fire hydrants (two mills), parks and recreation, and debt service. The act was passed on December 1, 2004, as House Bill 250 and represents updates to taxation authority originally established in 1933.
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Ordinance No. 1_8_0_U_5_6_ amends Section 5.168.1(b) of the Los Angeles Administrative Code to consolidate all existing debt service reserve funds into a single Wastewater System Revenue Bonds Debt Service Reserve Fund, aligning it with the fund described in Sections 5.02 and 5.05 of the Wastewater System General Resolution adopted by Council on November 10, 1987. The consolidated fund will provide security for all senior lien bonds issued under the Wastewater System General Resolution. The ordinance was passed by the City Council on July 11, 2008, and approved by the City Attorney on July 21, 2008, with publication required within ten days at designated public locations.
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