JPMorgan provides liquidity for Austin utility CP

The City of Austin relies on revolving credit agreements with JPMorgan Chase Bank, National Association to provide liquidity for its $600 million tax-exempt and $100 million taxable utility commercial paper programs through June 18, 2029. These facilities backstop short-term notes used to finance water, wastewater, and electric utility capital projects.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

June 18, 2024 – June 18, 2029

Renewal date

2029-06-18

Renewal

Revolving credit agreements for tax-exempt and taxable commercial paper were amended or initiated June 18, 2024 and run through June 18, 2029; future renewals or replacements will be needed to extend liquidity beyond that date.

Document type

Report

Source document

City of Austin Preliminary Official Statement March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Austin city?

Jpmorgan Chase Bank National Association was awarded this financial services contract by City of Austin city, as recorded on March 12, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in City of Austin Preliminary Official Statement March 2026 (Report), dated March 12, 2026 from City of Austin city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Jpmorgan Chase Bank National Association hold?

Jpmorgan Chase Bank National Association may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Austin city currently buying?

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JPMorgan provides liquidity for Austin utility CP

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by City of Austin city?

What type of contract is this?

Where was this contract approved?

What other contracts does Jpmorgan Chase Bank National Association hold?

What is City of Austin city currently buying?

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