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Resolution#220714Passed
In plain English
This resolution allows the California Enterprise Development Authority to issue up to $7.5 million in revenue bonds to refinance various capital projects for Progress Foundation, a nonprofit organization. The funds will be used for acquiring, constructing, and equipping facilities that will be owned and operated by the foundation.
Resolution approving for purposes of Internal Revenue Code of 1986, as amended, Section 147(f) of the Issuance and Sale of Revenue Obligations by the California Enterprise Development Authority in an aggregate principal amount not to exceed $7,500,000 to refinance the acquisition, construction, installation, rehabilitation, equipping and furnishing of various capital facilities to be owned and operated by Progress Foundation, a California nonprofit public benefit corporation.
How it got here
Document trail
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How they voted
ADOPTED
Board of Supervisors ยท Jul 26, 2022Pass
5-0
Legislative journey
PresidentJun 7, 2022
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeJul 20, 2022
โRECOMMENDEDPass
Board of SupervisorsJul 26, 2022
โADOPTEDPass
MayorAug 4, 2022
โAPPROVED