Previously authorized forms of indebtedness included revenue bonds, notes, and commercial paper, as approved by the Board for water facilities or clean water facilities management.

Authorization to issue and sell Water Revenue Bonds and other forms of indebtedness (including SRF Loans, commercial paper, revolving credit agreements, and bond anticipation notes) in an amount not to exceed $358,985,453 to finance Capital Improvement Projects for the Water Enterprise.

Will enable the financing of various capital projects to improve the Water Enterprise infrastructure.

To reconstruct, replace, expand, repair, or improve water facilities under the Commission's jurisdiction, in line with Proposition E and the Amended and Restated Water Indenture.

Issuance authorized by the Board upon satisfactory review of related supplemental appropriation ordinances, compliant with Proposition E and subject to Commission resolution.

The ordinance sets a maximum principal amount and interest rate, and requires formal documentation and compliance with the Commission's resolution and Board approval for the expenditure of funds.