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SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION
SUBORDINATE SALES TAX REVENUE COMMERCIAL PAPER NOTES (LIMITED TAX BONDS) SERIES B
The Notes are limited obligations of the San Diego County Regional Transportation Commission payable from the receipts of a one-half of one percent (1/2%) retail transactions and use tax (the “Sales Tax”) imposed in the County of San Diego for transportation and related purposes. Collection of the Sales Tax commenced April 1, 1988; the Sales Tax expires on March 31, 2048. The Commission has incurred obligations secured by the Sales Tax on a basis senior to the Notes, as well as obligations secured by the Sales Tax on parity with the Notes. Subject to certain financial covenants described herein, the Commission may incur additional obligations secured by the Sales Tax on a basis senior to the Notes or on parity with the Notes.
Not to Exceed Amount: $100,000,000
S&P Global Rating: A-1+
Citigroup Global Markets Inc
Issuing & Paying Agent
U.S. Bank National Association