Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Regular or Supplemental RCA: Supplemental RCA
Type of Request: Bonds
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request by the Office of Management and Budget for approval of an order authorizing the issuance of Harris County, Texas, Permanent Improvement Tax and Revenue Certificates of Obligation, Series 2024; authorizing the authorized representative to approve the amounts, interest rates and terms thereof and certain matters relating thereto; specifying the terms and form thereof; levying a continuing direct annual ad valorem tax for, and pledging such taxes and certain revenues to, the payment of said certificates; approving and authorizing the execution of a paying agent/registrar agreement to provide for the payment and transfer and exchange of such certificates; approving and authorizing the distribution of an official statement relating to said certificates; approving and authorizing the execution and delivery of a purchase agreement providing for the sale of said certificates; resolving other matters incident and related to the issuance, sale, payment, delivery of, and use of proceeds of said certificates, and other matters incident thereto, including the opening of bank accounts.
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Background and Discussion:
Permanent Imp Tax & Revenue CO, Series 2024 will be issued in an amount not to exceed $450 million to fund certain projects costs.
Expected Impact:
To fund non-voted projects.
Alternative Options: N/A
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
X Governance and C...
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