PPT Slide
Ports’ Shortfall Advances
Alameda Corridor Transportation Authority
- “Annual Amount” = Annual payments for Revenue Bonds debt service (including subordinate lien bonds), debt service reserve fund deposits, and bond related fees
- “Required Annual Payment” = “Annual Amount” plus target annual DOT Loan amortization
- “Shortfall Advances” = Up to 40% of “Required Annual Payment”
The Ports are obligated to provide “Shortfall Advances” for any year in which Use Fees and Container Charges are insufficient to pay 100% of the “Required Annual Payment”