This ordinance authorizes the City of Houston to issue up to $1.5 billion in short-term borrowing notes (commercial paper) for its Combined Utility System, updating and replacing earlier ordinances from 2009 and 2023. It sets the terms, appoints authorized city officers to manage the sales, and approves related financial agreements.

What it means for you

The city is renewing its ability to borrow short-term funds to finance operations and capital needs for Houston's combined utility system (water, wastewater, etc.); this does not directly change utility rates or services for residents but provides the city financial flexibility to fund utility infrastructure.

Outcome

Adopted — action noted on the official agenda, which assigns Ordinance 2026-0580 but records no vote count. Official agenda of July 7, 2026, with notes of action taken.