Ordinance 2026-0580

Staff Report & Agenda Item Details

Ordinance 2026-0580 ORDINANCE supplementing the City of Houston, Texas Ordinance No. 2004 -299; amending and restating the City of Houston, Texas Ordinance No. 2009- 1118 and Ordinance No. 2023 -350 authorizing issuance of City of Houston Combined Utility System Commercial Paper Notes, Series B, in an Aggregate Principal Amount not to exceed $1,500,000,000; prescribing the terms and conditions thereof; providing for the payment thereof; approving and authorizing certain authorized Officers and Employees to act on behalf of the City in the Selling and Delivery of such Commercial Paper Notes, within the limitations and procedures specified herein; making certain Covenants and Agreements in connection therewith; resolving other matters incident and related to the Issuance, Sale, Security and Delivery of such Commercial Paper Notes, including the approval of an Issuing and Paying Agency

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 6.5/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).