RECOMMENDATION(S):
ADOPT Resolution No. 2022/324 authorizing the issuance and sale of "Brentwood Union School District General Obligation Bonds, Election of 2016, Series 2022" in an amount not to exceed $50,000,000 by the Brentwood Union School District on its own behalf, pursuant to Section 15140(b) of the Education Code.
FISCAL IMPACT:
There is no fiscal impact to the County.
BACKGROUND:
The Brentwood Union School District intends to issue General Obligation bonds to fund capital improvements throughout the District. The District has requested that the Board of Supervisors adopt a resolution authorizing the direct issuance and sale of bonds by the District on its own behalf as authorized by Section 15140(b) of the Education Code. The County has no financial responsibility for repayment of the bonds issued by the District, but must take action only to allow the District to issue the bonds on its own behalf.
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