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 program to fund certain transportation and transit projects within the People's Transportation Plan (PTP) and the Multi-Year Capital Plan (MYCP). The specific projects to be financed will be detailed in subsequent resolutions. The bonds are special, limited obligations of the County, payable solely from the Transit System Sales Surtax. 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. The Office of Management and Budget is the requester.