Discuss, consider and take any appropriate action regarding Resolution Approving the issuance of a Tax-Exempt Loan by the Greater Texas Cultural Education Facilities Finance Corporation for the Benefit of Goodwill Industries of Central Texas to finance or refinance the costs of certain facilities for Goodwill Industries of Central Texas in compliance with Section 147(f) of the Internal Revenue Code (Note: The proposed resolution approving the bonds does not create any liability for Williamson County).

Section 147(f) of the Internal Revenue Code provides that a private activity bond (which is what these Bonds are considered) shall not be issued unless they have been approved by:(1) the governmental unit which issued such bond, or on behalf of which such bond was issued, and (2) generally, each governmental unit having jurisdiction over the area in which the facility financed by the proceeds of such bond is located.Item (2) is where Williamson County comes into this since Frost Bank will make a loan to Goodwill through the Greater Texas Cultural Education Facilities Finance Corporation.  A few of the properties being financed/refinanced by Goodwill are located in Williamson County.   Further, the approval must include a public hearing following reasonable public notice of the bond issuance.  This requirement is commonly known as the "TEFRA requirement" because it was originally added to the Code by the Tax Equity and Fiscal Responsibility Act  of 1982 (TEFRA).  The joint public hearing for each of Bastrop, Travis and Williamson County will be held at 9:00 am on November 16 via teleconference (the Notice of Public Hearing is part of the attachment and it was published on November 8 in the Austin American Statesman).  The bonds are not a liability of Williamson County.