Issuance of Conduit Obligations for Dominican University

Board of Supervisors

Meeting Date: 2/14/2017

Preview

The Board will conduct a Tax Equity and Fiscal Responsibility Act (TEFRA) hearing for a request for issuance of up to $31,475,000 of tax-exempt conduit obligations for the benefit of Dominican University of California, to finance and refinance capital improvements to certain educational facilities located on campus in San Rafael, 50 Acacia Avenue. TEFRA public hearings are required by the federal government to approve the issuance of tax-exempt debt. The hearing gives the public an opportunity to comment on the use of the tax-exempt funds by the borrowing institution to finance its capital needs.

Review

The Board conducted the hearing and approved the issuance of TEFRA conduit obligations.

Need more info? See the staff report about TEFRA hearing for the benefit of Dominican University.

Contact: Dan Eilerman, Assistant County Administrator

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