TRANSIT DRAWDOWN ORDINANCE

Board of County Commissioners · 2026-07-21 · ordinance

Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown bond program to fund various transportation and transit projects included in the People's Transportation Plan (PTP). The specific details, terms, and projects to be financed will be determined in subsequent resolutions. The bonds are secured by the transit system sales surtax and will not be a debt of the county payable by ad valorem taxation. The ordinance was adopted on first reading by the Board of County Commissioners on June 16, 2026, and a public hearing is scheduled for July 21, 2026.