7.c.
Commissioners Court Meeting
- Meeting Date:
- 12/08/2025
- Title:
- Arbitrage Rebate
- Submitted for:
- Rafael Perez
- Submitted By:
- Angelica Morales
- Department:
- Auditor
Subject:
Discussion and possible action to remit $1,048,252.65, the positive arbitrage/yield, to the Department of Treasury on January 5, 2026 filing due date. Hilltop Securities Assets Management LLC, acting as the agent of Webb County, determines the County’s requirements for investment earnings rebate “Arbitrage Amount” from the proceeds in connection with the sale of certain bonds, notes, certificates, or other tax-exempt obligations, pursuant to the provisions of 1993 Treasury Regulations Section 1.148-5(c); and any other matters incident thereto.
Issue: The rebate computation requires to remit positive arbitrage/yield as of the fifth anniversary date.
Solution: Remit the positive arbitrage/yield as of the fifth anniversary date to Department of Treasury pursuant to the Internal Revenue Code.
Result: County will be in compliance with Internal Revenue Code.
Issue: The rebate computation requires to remit positive arbitrage/yield as of the fifth anniversary date.
Solution: Remit the positive arbitrage/yield as of the fifth anniversary date to Department of Treasury pursuant to the Internal Revenue Code.
Result: County will be in compliance with Internal Revenue Code.
Background:
Hilltop Securities Assets Management LLC acting as the agent for Webb County
Previous Court Action:
N/A
Fiscal Impact
- Budget Account Number:
- Fund 3907
- Funding Source:
- 3907-9020-001-482401
- Balance:
- 1,020,000
Financial Impact:
N/A