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: Transmittal
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
Transmittal by the Office of Management and Budget of the Commercial Paper Status Report for the 3rd quarter, FY 2025-2026. This report is a requirement of the Commercial Paper Policies and Procedures approved annually by the Commissioners Court.
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Background and Discussion:
In 1996, the Commissioners Court established a general obligation commercial paper program secured by ad valorem taxes for the purpose of financing various short-term assets and temporary construction financing for certain long-term fixed assets. The program currently consists of twelve series, totaling $2.5 billion. The Series A-1 ($100 million), Series B ($40 million), Series D ($200 million), Series D-2 ($300 million), Series D-3 ($200 million), Series H ($500 million), Series H-2 ($200 million), and Series J-1 (50 million) notes are payable from the limited tax. The Series C ($360 million) and Series C-2 ($200 million) notes are payable from an unlimited tax. The Series K ($200 million) and Series K-2 ($150 million) notes are payable from revenues generated by the Harris County Toll Road System. Sources of repayment include bonds, budgetary means, or pay-as-you-go sources.
Expected Impact: N/A
Alternative Options: N/A
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
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