HomeMy WebLinkAboutMINUTES - 05081990 - 1.31 TO: BOARD OF SUPERVISORS A : -031
FROM: Harvey E. Bragdon
Director of Community Development 6 _..�
Contra
DATE: May 8, 1990
SUBJECT: HR 4408
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SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Adopt position supporting HR 4408 (Flippo) a bill which would
extend the authority for the issuance of Tax Exempt Industrial
Development Bonds.
FISCAL IMPACT
None
BACKGROUND/REASONS FOR RECOMMENDATIONS
Industrial Development Bond (IDB) Financing is authorized under
both Federal and State law. The authority for IDB Financing under
Federal law expires September 30, 1990. HR 4408 has been
introduced in Congress to permanently extend the authority for
IDB' s. The Environmental Af fairs Committee endorsed the permanent
extension of the federal authority for IDB' s at their April 23rd,
1990 meeting.
CONTINUED ON ATTACHMENT: YES SIGNATURE: aJw�J Gt
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATIO F BO 7
COMMI E
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON MAY 8 NO APPROVED AS RECOMMENDED _� OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
cc: Community Development ATTESTED MAY 81990
County Administrator PHIL BATCHELOR, CLERK OF
Auditor-Controller THE BOARD OF SUPERVISORS
County Counsel AND COUNTY ADMINISTRATOR
Redevelopment Agency
Environmental Affairs Comm. BY , DEPUTY
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