City of Milwaukee - File #: 240630

• File #: 240630
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 8/20/2024
• In control: PUBLIC DEBT COMMISSION
• Final action: 8/27/2024
• Title: Resolution authorizing a draw on the Public Debt Amortization Fund for 2025 Purposes
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
8/27/2024	0	PUBLIC DEBT COMMISSION	SUBSTITUTED; Minutes note: The amount of $6.000,000 was inserted.	Pass	3:0
8/27/2024	0	PUBLIC DEBT COMMISSION	ADOPTED	Pass	3:0
8/27/2024	1	PUBLIC DEBT COMMISSION	ADOPTED
8/27/2024	1	PUBLIC DEBT COMMISSION	SUBSTITUTED; Minutes note: Amount of $6,000,000 inserted.

Number                      

240630

Version

SUBSTITUTE 1

Sponsor

THE CHAIR

Title

Resolution authorizing a draw on the Public Debt Amortization Fund for 2025 Purposes

Analysis

Resolution authorizes a draw on the Public Debt Amortization fund for the 2025 budget.

Body

Whereas, Section 67.101(13) of Wisconsin Statues, permits draws on the Public Debt Amortization Fund to directly pay debt service on City Debt; now therefore be it

Resolved, that $6,000,000 of the Public Debt Amortization Fund is directed to be transferred to the Debt Service Fund on or before December 31, 2024 to be used to pay interest on and principal of general obligation bonds or notes of the City.

Drafter

Comptroller

Joshua Benson

PD-8685eW.rtf