Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Commercial Paper
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request by the Office of Management and Budget for approval of an order ratifying and confirming the substitution of the credit agreement in connection with the Harris County, Texas Toll Road System First Lien Revenue Commercial Paper Notes, Series K-2, as established by the order relating thereto; approving such order; and containing other matters relating to the subject.
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Background and Discussion:
The County replaced Barclays Bank with U.S. Bank National Association as the credit facility provider for CP Notes, Series K-2. The County and U.S. Bank National Association entered a 5-year term agreement effective on June 11, 2026.
Expected Impact:
Under the new credit facility provider agreement, facility fees will decrease, resulting in positive annual savings.
Alternative Options: N/A
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): Choose an item.
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Economy Initiative (Goal 3): Choose an item.
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Additional notes related to the Strategic Plan: N/A
Prior Court Action (if any):
Da...
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