Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Regular or Supplemental RCA: Regular RCA
Type of Request: Policy
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 for approval of the Harris County Commercial Paper Policy and Procedure.
end
Background and Discussion:
The County has ten (10) Commercial Paper programs (Series A-1, B, C, C-2, D, D-2, D-3, J-1 K and K-2) and the Flood Control District has two (2) Commercial Paper programs (Series H and H-2). The policy sets guidelines for the uses of each CP program, its legal authorization, project authorization, budget allocation and drawdown. In compliance with the policy, it is updated, reviewed and submitted to court annually.
The policy included the following changes:
* Added Series C-2 and Series K-2 programs
* Changed Series C maximum maturity date to January 1, 2053
* Replaced Series J-1 liquidity provider to TD Bank
* Updated the Project Authorization and Budget Allocation for Series A-1, D, D-2 and D-3 section
* Added Non-voted CP Policy and Procedure for Precincts and County Judge Office to the Exhibit
* Removed libraries from Series B because per AG that is no longer allowed
Expected Impact:
N/A
Alternative Options:
N/A
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
X Governance and Customer Service
Prior Court Action (if any):
Date
Agenda Item #
Action Taken
Location:
Address (if applicable):
Precinct(s): Choose an item.
Fiscal and Personnel Summary
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