Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Public Finance topic
No spam. Unsubscribe anytime.
Committee backs $200 million increase to Wastewater Enterprise commercial paper program
Summary
The committee recommended increasing the Wastewater Enterprise commercial paper program by $200 million (to $500 million) to prefund capital projects between long‑term debt issuances; the budget analyst said the request aligns with prior Board actions.
The Budget & Finance Committee on Sept. 4 recommended forwarding a resolution that would increase the principal amount of the Wastewater Enterprise’s commercial paper program by $200 million to a not‑to‑exceed $500 million.
A presenter for the Public Utilities Commission explained the expansion would allow the Wastewater Enterprise to prefund capital projects between long‑term debt issuances and noted parity with the Water Enterprise’s existing $500 million program. The budget analyst reported the request appears consistent with prior Board policies and recommended approval.
There was no public comment on the item and the committee moved it forward without objection.
