Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
State Water Resources Control Board approves refunding of 2016 Clean Water SRF bonds
Summary
The State Water Resources Control Board unanimously approved a resolution to sell 2026 Series Clean Water State Revolving Fund refunding bonds to redeem callable 2016 bonds (about $158 million outstanding), with estimated net present value savings of roughly $16.3 million to be redirected into new Clean Water SRF financings.
The State Water Resources Control Board on Feb. 18 unanimously approved a resolution authorizing the sale of 2026 Series Clean Water State Revolving Fund (SRF) refunding bonds to redeem the series sold in 2016.
Assistant Deputy Director Josh Zees of the Division of Financial Assistance presented the proposal, saying the 2016 series has approximately $158 million in outstanding principal and is callable on April 1, 2026. Zees said the board’s financial adviser estimated net present value savings of roughly 10%, about $16.3 million, and noted the SRF Debt Management Policy directs…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
