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TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: <br />Your Committee of the Whole, to whom was referred: <br />BILL NO. <br />31-06 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, AUTHORIZING THE MAYOR AND/OR CONTROLLER OF THE <br />CITY OF SOUTH BEND, INDIANA, TO MAKE TEMPORARY LOANS TO <br />MEET CURRENT OPERATING EXPENSES OF VARIOUS FUNDS OF THE <br />CITY IN ANTICIPATION OF AND NOT IN EXCESS OF CURRENT TAXES <br />LEVIED IN THE YEAR 2005, AND COLLECTABLE IN THE YEAR 2006, <br />AUTHORIZING THE ISSUANCE OF TEMPORARY LOAN TAX <br />ANTICIPATION TIME WARRANTS TO EVIDENCE SUCH LOANS AND <br />THE SALE OF SUCH WARRANTS AND APPROPRIATING AND <br />PLEDGING THE TAXES TO BE RECEIVED IN SUCH FUNDS TO THE <br />PAYMENT OF SUCH WARRANTS INCLUDING THE INTEREST THEREON <br />Respectfully report that they have examined the matter and that in their opinion, this bill <br />is being recommended to the full Council with a favorable recommendation. <br />Karen L. White <br />Chairman <br />