Broward County Commission Regular Meeting
Director's Name: George Tablack
Department: Finance and Administrative Services Division: Administration
Information
Requested Action
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A. MOTION TO OPEN Public Hearing relating to the issuance of Broward County, Florida Port Facilities Revenue Bonds, Series 2022 (the "Series 2022 Bonds") for purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended.
(Transferred to Public Hearing.)
(Per the Tuesday Agenda Memorandum, the Board's consideration of this item will be based on the revised motion statements and resolution distributed as Additional Material.)
(Parts A and B were taken up together and voted on separately.)
ACTION: (T-12:18 AM) Approved as amended with Public Hearing Additional Material, dated June 14, 2022, submitted at the request of Finance and Administrative Services Department. (Refer to minutes for full discussion.)
VOTE: 9-0.
B. MOTION TO ADOPT Series Resolution authorizing the issuance by the County of the Series 2022 Bonds, authorizing certain other matters related to the issuance of the Series 2022 Bonds.
(Transferred to Public Hearing.)
(Per the Tuesday Agenda Memorandum, the Board's consideration of this item will be based on the revised motion statements and resolution distributed as Additional Material.)
(Parts A and B were taken up together and voted on separately.)
ACTION: (T-12:21 AM) Approved Resolution No. 2022-331 as amended with Public Hearing Additional Material, dated June 14, 2022, submitted at the request of Finance and Administrative Services Department.
VOTE: 9-0.
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Why Action is Necessary
Motion A: Section 147(f) of the Internal Revenue Code, known as the Tax Equity and Fiscal Responsibility Act ("TEFRA"), requires a public hearing prior to issuance of the Series 2022 Bonds.
Motion B: The Board must authorize the issuance of the Series 2022 Bonds.
What Action Accomplishes
Motion A: Ensures compliance with TEFRA.
Motion B: Aut...
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