PILLAR: Core - Organizational Support
AGENDA DATE: April 8, 2026
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Government Affairs
PRIORITY: Transportation
______________________________________________________________________
SUBJECT
Title
Approval and adoption of the Seventy-Second, Seventy-Third, Seventy-Fourth, and Seventy-Fifth Supplemental Concurrent Bond Ordinances amending the Master Bond Ordinance relating to Dallas Fort Worth International Airport (DFW) Joint Revenue Bonds, which will authorize the issuance of new debt not to exceed $3 billion for the period beginning June 1, 2026, and ending May 31, 2027; authorize the use of bond proceeds to refund DFW's outstanding commercial paper; authorize an increase to the Series I commercial paper program from $750 million to $1.5 billion; and authorize an increase to the Series II commercial paper program from $600 million to $1 billion - Financing: No cost consideration to the City
Body
BACKGROUND
Dallas Fort Worth International Airport (DFW) is seeking the approval of four new bond ordinances from the Owner Cities of Dallas and Fort Worth for DFW's 2026 debt management plan. Approval of the ordinances will authorize DFW to issue up to $3 billion of debt for the period beginning June 1, 2026, and ending May 30, 2027.
Proceeds from the issuance of debt will be used to fund capital programs, including the Central Terminal Area Expansion Program and Terminal F. The ordinances further authorize the use of bond proceeds to refund DFW's outstanding commercial paper. Approval of these ordinances will ensure timely availability of funds for DFW's capital programs.
Action Item
Amount
Summary
72nd Supplemental Bond Ordinance
$3 billion
This is DFW's annual debt financing request. It authorizes DFW to issue up to $3 billion of new bonds for DFW's capital programs.
73rd Supplemental Bond Ordinance
Commercial paper refunding
This is DFW's annual request to authorize refunding of commercial pap...
Click here for full text