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Peninsula Corridor board seeks Measure RR‑backed bonds and revolving credit replacement for electrification project
San Francisco Board of Supervisors Government Audit & Oversight Committee · July 23, 2021
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Summary
The Peninsula Corridor Joint Powers Board asked San Francisco to approve a financing plan relying on Measure RR sales tax: replace JP Morgan revolving credits, issue up to $140M new bonds for Caltrain electrification cost increases, and consider refunding 2019 FairBox bonds.
The Peninsula Corridor (Caltrain) Joint Powers Board presented a financing plan at the committee meeting asking member agencies — including the City and County of San Francisco — to approve a package of actions secured by Measure RR sales tax revenues.
Caltrain…
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