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FY 2013 Operating and Capital Budget - Metro Transit

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indenture, <strong>and</strong> are not general obligations of <strong>Metro</strong>. These bonds mature serially in<br />

varying amounts through 2028. The Series 2004 bonds provide funds to refund a portion<br />

of the Series 1998 A bonds on July 1, 2004 through July 1, 2008. As of June 30, 2011,<br />

$5,435,000 remains outst<strong>and</strong>ing.<br />

• St. Clair County <strong>Metro</strong>Link Extension Project Refunding Revenue Bonds, Series<br />

2006: The $39,155,000 Series 2006 Bonds, issued December 20, 2006 are special,<br />

limited obligations of <strong>Metro</strong>, payable solely from revenue <strong>and</strong> other sources provided in<br />

the indenture, <strong>and</strong> are not general obligations of <strong>Metro</strong>. These bonds mature serially in<br />

varying amounts through 2028. The Series 2006 bonds provide funds to refund a portion<br />

of the Series 1998 A bonds on July 1, 2009 through July 1, 2028. As of June 30, 2010,<br />

the entire amount was outst<strong>and</strong>ing.<br />

55

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