UCCF 5/24/18: Bond Anticipation Notes to Bonds

Official county debt is now:
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At last night’s freeholder meeting there were several resolutions paying off Bond Anticipation Notes and issuing long-term bonds. The next few blogs will look in detail at county debt but, for now, here are those resolutions and some Q&A:

2018-480: Resolution authorizing the publication, printing and distribution of a notice of sale and the publication of a summary notice of sale and prescribing the forms thereof for $93,200,000 bonds consisting of $65,850,000 General Improvement Bonds of 2018, $12,000,000 County Vocational Technical School Bonds of 2018 (New Jersey School Bond Reserve Act), $3,600,000 County College Bonds of 2018 (Series A) (Chapter 12 State Aid) and $11,750,000 County College Bonds of 2018 (Series B) each issue dated June 15, 2018, approving the preparation, distribution and execution of a preliminary and a final official statement for such bonds, undertaking to provide continuing disclosure of financial information, covenanting to comply with the internal revenue code of 1986, as amended, and authorizing various matters in connection with electronic bidding for the bonds.

2018-481: Resolution combining several authorizations of bonds into a single issue and prescribing the details and bond form thereof for $65,850,000 General Improvement Bonds of 2018 dated June 15, 2018.

2018-482: Resolution combining several authorizations of bonds into a single issue and prescribing the details and bond form thereof for $12,000,000 County Vocational-Technical School Bonds of 2018 (New Jersey School Bond Reserve Act) dated June 15, 2018.

2018-483: Resolution prescribing the details and bond form thereof for $3,600,000 County College Bonds of 2018 (Series A) (Chapter 12 State Aid) dated June 15, 2018.

2018-484: Resolution combining several authorizations of bonds into a single issue and prescribing the details and bond form thereof for $11,750,000 County College Bonds of 2018 (Series B) dated June 15, 2018.

In response to Freeholder Estrada:
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Follow-up question:
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