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Measure H advisory committee says bond expenditures are consistent with terms, urges monitoring of tranche deadlines
Summary
The Measure H advisory committee reported to council that expenditures are consistent with bond terms, noted $19 million in authorizations with tranches issued as market conditions permit, and urged monitoring of a deadline in November 2025 for obligating certain proceeds.
Chris Warner, chair of the Measure H advisory committee, briefed the council on committee activity and compliance monitoring for the Measure H general-obligation bond. Warner said the committee had met periodically since 2023 and that, "generally, we found that all expenditures have been consistent with the terms of the bond offering." He…
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