lazyboy97o
Well-Known Member
My question is about the various bond holders, not Disney or Reedy Creek. There was the one negative notice about the bonds, but that was about it. When would we have hit the point where credit agencies and financial institutions actually started to worry? Did they all actually agree that the dissolution does not apply? Did they feel dissolution had to be more imminent before acting?There were those reports pages and pages ago that the original passed law didn't actually apply to RCID. Part of me thinks, RCID and Disney were going to respond but just interpreting it that way and doing nothing. Just continuing on as normal.
That would force the state to try and enforce the change as applying to RCID. State police storming the RCID offices, or something like that.
I think I saw where the new law amends the original RCID law. However, did it also replace or repeal the one that was passed about dissolution? If not, was some other new bill also introduced to undo the one that passed? There's all those other districts that were covered by the first one. If this new one is in addition to and doesn't remove the prior one, don't they all still get impacted by the dissolution law?
Looking through very quickly I am having trouble finding where the dissolution law is repealed. As you note later, they’re repealing part of the District charter.
This bill also upholds legislative action that occurred prior to the current constitution, contradicting the original claims for why the dissolution had to occur.