San Francisco County Transportation
Authority Senior Sales Tax Revenue
Bonds Series 2017

San Francisco County Transportation Authority

The San Francisco County transportation authority senior sales tax revenue bonds are being issued to finance the cost of construction, acquisition, and improvement of certain transit, street, and traffic facilities.


Issuance characteristics
  • Contains callable maturities
  • Federally tax exempt
  • Revenue
  • Competitive sale

About this bond issuance

  • Purpose

    The proceeds of the Series 2017 Bonds will be used to (i) finance a portion of the costs of and costs incidental to, or connected with, the construction, acquisition and improvement of certain transit, street and traf facilities and other transportation projects, all as described in the Expenditure Plan adopted pursuant to the Act, (ii) repay a portion of the outstanding amount of a revolving loan obtained by the Transportation Authority from State Street Public Lending Corporation pursuant to a Revolving Credit Agreement dated as of June 1, 2015 and a promissory note evidencing the Transportation Authority'spayment obligations thereunder, (iii) pay capitalized interest on a portion of the Series 2017 Bonds and (iv) pay costs of issuance of the series 2017 Bonds of the costs of and costs incidental to, or connected with, the construction, acquisition and improvement of certain transit, street and traffic facilities and other transportation projects, all as described in the Expenditure Plan adopted pursuant to the Act, (ii) repay a portion of the outstanding amount of a revolving loan obtained by the Transportation Authority from State Street Public Lending Corporation pursuant to a Revolving Credit Agreement dated as of June 1, 2015 and a promissory note evidencing the Transportation Authority'spayment obligations thereunder, (iii) pay capitalized interest on a portion of the Series 2017 Bonds and (iv) pay costs of issuance of the series 2017 Bonds.

  • Obligor

    San Francisco County Transportation Authority

  • Issuer

    San Francisco County Transportation Authority

  • Authority

    The San Francisco County Transportation Authority Senior Sales Tax Revenue Bonds, Series 2017 are being issued by the San Francisco County Transportation Authority pursuant to the provisions of the Bay Area County Trafic and Transportation Funding Act, being Division 12.5 of the Public Utilities Code of the State of California

  • Security

    The Series 2017 Bonds are limited obligations of the Transportation Authority payable solely from and secured exclusively by Sales Tax Revenues and certain other amounts held by the Trustee pursuant to the Indenture.

  • Trustee

    U.S. Bank National Association

  • Sale conditions

Ratings

Ratings

AA+

S&P

Moody's

AAA

Fitch

Financing team

Neighborly Securities
Neighborly is a market participant on this issuance.