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Plan of Finance
The OCTA Board approved the Plan of Finance on November 9, 2007.
See Item 14 in the
OCTA Board Agenda 11-9-07
[PDF, 20MB]
The plan highlights a need of approximately $350 million in project expenditures by 2011. These expenditures will be funded through a tax-exempt commercial paper program.
Staff is working with OCTA's financing team to finalize legal documents for the program. The documents are scheduled to go to the Board for final approval in the first quarter of calendar year 2008.
