Request by the Office of Management and Budget for approval of an order authorizing and ordering the issuance of Harris County, Texas Permanent Improvement Tax and Revenue Certificates of Obligation, Series 2026B; authorizing the authorized representative to approve the amounts, interest rates, prices and terms thereof and certain matters relating thereto; levying a continuing and direct annual ad valorem tax and pledging such tax and certain revenues to the payment of said certificates; prescribing the terms and form thereof; providing for the payment of the principal thereof and interest thereon; awarding the sale thereof; authorizing the preparation and distribution of an Official Statement to be used in connection with the sale of the certificates; and making other provisions regarding such certificates, including use of the proceeds thereof, and matters incident thereto, and all other activities which will support the issuance and administration of the certificates, including the opening of bank accounts. | Community Exchange
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Request by the Office of Management and Budget for approval of an order authorizing and ordering the issuance of Harris County, Texas Permanent Improvement Tax and Revenue Certificates of Obligation, Series 2026B; authorizing the authorized representative to approve the amounts, interest rates, prices and terms thereof and certain matters relating thereto; levying a continuing and direct annual ad valorem tax and pledging such tax and certain revenues to the payment of said certificates; prescribing the terms and form thereof; providing for the payment of the principal thereof and interest thereon; awarding the sale thereof; authorizing the preparation and distribution of an Official Statement to be used in connection with the sale of the certificates; and making other provisions regarding such certificates, including use of the proceeds thereof, and matters incident thereto, and all other activities which will support the issuance and administration of the certificates, including the opening of bank accounts.
Harris County OMB asks Commissioners Court to approve issuing Series 2026B Certificates of Obligation to fund capital projects at the July 9, 2026 meeting.
Harris County's Office of Management and Budget is asking Commissioners Court to approve issuing Certificates of Obligation, Series 2026B — a borrowing tool used to fund major capital projects without a voter-approved bond election. Filed July 1, 2026, and scheduled for the July 9 court meeting, the request would set interest rates and terms, levy a continuing property tax to back repayment, and open new bank accounts to manage the proceeds.
Harris County plans to borrow money for capital projects. Repayment would be backed by a continuing property tax on county residents, meaning it could affect future tax bills without a separate voter election.
