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File #: 21-2692    Version: 1 Name:
Type: Request for approval Status: Agenda Ready
File created: 6/1/2021 In control: Commissioners Court
On agenda: 6/8/2021 Final action:
Title: Request for approval of an order authorizing the issuance, sale, and delivery of Harris County, Texas Permanent Improvement Refunding Bonds, Series 2021; including the preparation of all financing documents; levying a continuing direct annual ad valorem tax for, and pledging such taxes to, the payment of said bonds; authorizing the authorized representative to approve the amounts, interest rates, prices and terms thereof and certain matters relating thereto; prescribing the terms and form thereof; providing for the payment of the principal thereof and interest thereon; awarding the sale thereof; authorizing the preparation and distribution of an official statement to be used in connection with the sale of the bonds; authorizing and ratifying other actions; and making other provisions regarding said bonds, including use of the proceeds thereof, and matters incident thereto.
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To: Harris County Commissioners Court

Through: Amy Perez, Director of Financial Management, Budget Management Department
prepared
Prepared By: Jimmel Aquino, Debt Manager, Budget Management Department

Subject: Harris County, Texas Permanent Improvement Refunding Bonds, Series 2021
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Project ID (If applicable]: N/A

Purpose and Request:
title
Request for approval of an order authorizing the issuance, sale, and delivery of Harris County, Texas Permanent Improvement Refunding Bonds, Series 2021; including the preparation of all financing documents; levying a continuing direct annual ad valorem tax for, and pledging such taxes to, the payment of said bonds; authorizing the authorized representative to approve the amounts, interest rates, prices and terms thereof and certain matters relating thereto; prescribing the terms and form thereof; providing for the payment of the principal thereof and interest thereon; awarding the sale thereof; authorizing the preparation and distribution of an official statement to be used in connection with the sale of the bonds; authorizing and ratifying other actions; and making other provisions regarding said bonds, including use of the proceeds thereof, and matters incident thereto.
end

Background and Discussion:
The Permanent Improvement Refunding Bonds (PIB), Series 2021 will be issued for the purpose of refunding all or a portion of PIB Refunding Bonds, Series 2011A for savings and refunding all or a portion of Commercial Paper Notes, Series D, D-2 & A-1. The bonds are scheduled to close on August 19, 2021.

Fiscal Impact: N/A

Fiscal Summary

Expenditures
FY 21-22
FY 22-23 Projected
Future Years Projected [3 additional years]
Service Impacted:
[Please provide service or division where expenditure will be used]*



Existing Budget



Additional Appropriation Requested



Total Expenditures



Funding Sources



Existing Department Budget



Please Identify Funding Source (General Fund, PIC, Special Revenu...

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