Update Port operations fund law to secure debt payments
In Plain English
The city created a special fund in 1999 to collect Port revenue and use it as collateral for Port-related loans. The current law needs updates to reflect changes in how the Port operates and borrows money. If approved, the city can continue using Port income to guarantee its debt payments.
Auto-generated summary. Source: official agenda documents.
Votes
Give first reading and hold over two weeks for second reading
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