County hires Public Finance Partners for arbitrage calculation; $3,500 fee approved
The board approved a $3,500 contract with Public Finance Partners to perform an arbitrage/rebate calculation for outstanding bonds after a preliminary rebate calculation showed a positive amount that could require payment to the IRS; the fee is budgeted from bond funds.
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County staff told commissioners the required arbitrage/rebate calculation for outstanding county bonds currently shows a positive amount, which would trigger a payment to the IRS if it persists. Staff recommended contracting Public Finance Partners to perform the rebate calculation, and said the $3,500 fee is budgeted in bond funds and can be charged to a jail‑project budget line if needed.
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