12.
Commissioners Court Meeting
- Meeting Date:
- 09/16/2024
- Title:
- Reimbursement Resolution
- Submitted for:
- Rose Magana
- Submitted By:
- Rose Magana
- Department:
- Commissioners Court
Subject:
Discussion and possible action to approve a reimbursement resolution to allow Webb County to reimburse the General Fund for expenditures related to projects; and any other matters incident thereto.
Issue: The County intends to reimburse the expenditures hereunder after the date the original expenditure is paid or the date the project is placed in service.
Solution: This resolution shall evidence the intent of the County to comply with state law and federal income tax law in the issuance of tax-exempt obligations for the project.
Result: Approving resolution will allow Webb County to comply with State and Federal income tax laws.
Issue: The County intends to reimburse the expenditures hereunder after the date the original expenditure is paid or the date the project is placed in service.
Solution: This resolution shall evidence the intent of the County to comply with state law and federal income tax law in the issuance of tax-exempt obligations for the project.
Result: Approving resolution will allow Webb County to comply with State and Federal income tax laws.
Background:
n/a
Previous Court Action:
Fiscal Impact
- Budget Account Number:
- n/a
- Funding Source:
- n/a
- Balance:
- n/a
Financial Impact:
n/a