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Bill BL2020-336 (as amended)

An ordinance requiring the Director of Finance to provide recommendations to the Metropolitan Council regarding revisions to the Metropolitan Government’s Debt Management Policy.

BE IT ENACTED BY THE METROPOLITAN COUNCIL OF NASHVILLE & DAVIDSON COUNTY:

Section 1. The Director of Finance shall recommend to the Metropolitan Council not later than January 1, 2021, revisions to the Metropolitan Government’s Debt Management Policy, if any are appropriate, which may include without limitation: (a) the impact of unfunded Other Post-Employment Benefits (OPEB) liability on Metro's capacity to obtain debt; (b) whether it would be considered prudent to set limits regarding the general amounts, terms, and conditions of each major category of debt for the General Fund of the General Services District, General Fund of the Urban Services District, and Schools General Fund; and (c) other matters that should be updated in the existing policy.

Section 2. This ordinance shall take effect from and after its enactment, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.

Sponsor(s)

Thom Druffel, Zulfat Suara

Legislative History

IntroducedJuly 7, 2020

Passed First Reading and deferred to August 4, 2020July 7, 2020

Referred toBudget and Finance Committee

Amended and Passed Second ReadingAugust 4, 2020

Passed Third ReadingAugust 18, 2020

ApprovedAugust 19, 2020

ByMayor Cooper's signature

Requests for ADA accommodation should be directed to the Metropolitan Clerk at 615-862-6770.

Last Modified: 08/21/2020 1:23 PM