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Resolution#221282Passed
In plain English
This resolution allows the California Enterprise Development Authority to issue up to $20 million in revenue obligations to finance the renovation and construction of facilities for the Chinese American International School. It is a formal approval required for tax purposes under federal law.
Resolution approving for purposes of Internal Revenue Code, Section 147(f), the Issuance and Sale of Revenue Obligations by the California Enterprise Development Authority, in an aggregate principal amount not to exceed $20,000,000 to finance the cost of renovation, construction, installation, equipping and/or furnishing of educational and related facilities to be owned and operated by Chinese American International School, a California nonprofit public benefit corporation.
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How they voted
RECOMMENDED
Budget and Finance Committee ยท Jan 25, 2023Pass
1-0
Legislative journey
PresidentDec 13, 2022
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeJan 25, 2023
โRECOMMENDEDPass
MayorFeb 9, 2023
โAPPROVED