The Court approved an order authorizing a new series of commercial paper notes for the Harris County Toll Road System, Series K-2, in an amount not to exceed $150,000,000, along with the related trust indenture, credit agreement, and other necessary documents.
What it means for you
Harris County can now issue up to $150 million in short-term borrowing backed by toll road revenues, providing financing capacity for toll road purposes.
Outcome
A motion was made by Commissioner Ellis, seconded by Commissioner Garcia, that this item be approved. The motion carried by the following vote: (4-0)
How each member voted
Lina Hidalgo (County Judge): AyeRodney Ellis (Commissioner, Precinct 1): AyeAdrian Garcia (Commissioner, Precinct 2): AyeTom S. Ramsey (Commissioner, Precinct 3): AyeLesley Briones (Commissioner, Precinct 4): Absent
4–0, per the official record.