Issuance of Tax-Exempt Conduit Obligations

Board of Supervisors

Meeting Date: 12/12/2017

Preview

The Board will conduct Tax Equity and Fiscal Responsibility Act (TEFRA) hearings about requests for issuance of tax-exempt conduit obligations. The first request is for up to $7 million for the benefit of the Marin Horizon School to refinance capital improvements to certain facilities in Mill Valley. The second request is for up to $24 million to refinance capital improvements to certain educational facilities of The Branson School in Ross. Federal law requires a public hearing before the Board to any bond issuance by the California Enterprise Development Authority for projects under the County's jurisdiction. Staff recommends that the Board conduct the hearing and consider adopting a resolution approving the issuance of bonds.

Review

The Board conducted the TEFRA hearings and adopted resolutions to issue the bonds.

Need more info? See the staff report about the issuance of TEFRA obligations for the Marin Horizon School and The Branson School.

Contact: Dan Eilerman, Assistant County Administrator

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