TRANSIT DRAWDOWN ORDINANCE

Board of County Commissioners · 2026-06-16 · 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 program to fund certain transportation and transit projects within the People's Transportation Plan (PTP) and the Multi-Year Capital Plan (MYCP) managed by the Department of Transportation and Public Works (DTPW). The specific details, terms, and projects to be financed will be determined in subsequent resolutions. The funding source for repayment is the 0.5 percent discretionary sales surtax. The ordinance was adopted on first reading by the Board of County Commissioners on June 16, 2026, and is scheduled for a public hearing on July 21, 2026.