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FPUD to Refinance Debt for Wastewater Treatment Plant

The Fallbrook Public Utility District will be refinancing its debt for the wastewater treatment plant.

A 5-0 FPUD board vote, Aug. 24, approved the development of a financing plan and debt documents. FPUD expects to reduce its payments by $1.1 million over a 15-year period, or approximately $73,000 annually.

“With the current low interest rate environment, we had the opportunity to save a substantial amount of money,” Jack Bebee, FPUD general manager, said.

KBRA Releases Report Assigning AA+ and Stable Outlook to Public Facilities Financing Authority of the City of San Diego Senior Water Revenue Bonds Series 2020 A&B

On April 20, 2022, Kroll Bond Rating Agency assigned a long-term rating of AA+ and Stable Outlook to the Public Facilities Financing Authority of the City of San Diego Senior Water Revenue Bonds Series 2020A (Tax-Exempt) and Series 2020B (Federally Taxable).

SWA joins the California Statewide Communities Development Authority

The Sweetwater Authority (Authority) Governing Board voted to become a member of the Statewide Community Infrastructure Program (SCIP). The resolution passed at last night’s Governing Board meeting means that the Authority is now a member of the Statewide Communities Development Authority.