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LCRA staff to extend $200 million private bank note facility to support capital financing
Summary
At the Sept. 24 meeting staff requested authority to extend an existing $200 million private bank note credit facility for three years to support short-term financing of LCRA capital projects; board approved staff to negotiate and execute the extension.
The Lower Colorado River Authority board on Sept. 24 authorized staff to negotiate and execute an extension of an existing credit facility intended to support issuance of tax-exempt and taxable private bank notes on behalf of LCRA.
Finance director Jim Travis told the board, “This agenda item is requesting authorization to negotiate and execute an extension of an existing…
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