Casitas Municipal Water District AgendaPacket Board of Directors Meeting 2026-06-24
Casitas Approves $20M Grant Anticipation Notes With US Bank
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Description
Casitas Municipal Water District approved borrowing $20 million from US Bank via grant anticipation notes to provide interim financing for the Ventura–Santa Barbara Counties Intertie project. Resolution 2026-14 authorizes the issuance and sale of these notes and related loan documents.
Contract Details
Contract Amount
$20,000,000
Vendor
US BANK
Agency
Casitas Municipal Water District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Renewal Info
Grant anticipation notes provide interim financing in anticipation of state grants; repayment will occur when grant funds are received, per loan and note purchase agreements.
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