TRANSIT DRAWDOWN ORDINANCE

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

Miami-Dade County Board of County Commissioners adopted an ordinance 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 certain transportation and transit projects within the People's Transportation Plan. The specific projects to be financed will be detailed in subsequent resolutions. The funding source for repayment is the 0.5 percent discretionary sales surtax. The ordinance was adopted on July 21, 2026, after a first reading on June 16, 2026.