The Phoenix City Council has raised the customer facility charge for car rentals at Sky Harbor International Airport to $6 per day from $4.50 to generate a debt service reserve fund of $21 million for the bond-financed facility.

The Phoenix Civic Improvement Corp. sold $260 million of bonds in 2006 for the 141-acre facility, supported by the rental car charge and insured by Financial Guaranty Insurance Co. When FGIC’s rating fell below triple-A earlier this year, the city was required to establish within 12 months a reserve fund equal to a year’s worth of debt service on the bonds.

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