Commission ratifies prior approvals; Item 15 given conditional approval
Items 12–15 (ratifications and amendments to prior approvals) were approved, with Item 15 conditioned on an LPFA amending resolution authorizing higher interest-rate ceilings (from 7.50% tax-exempt/10% taxable to 8.5% tax-exempt/12% taxable) scheduled to be adopted Oct. 14, 2026.
The full story
Ms. Folse summarized Items 12–15, described in the minutes as Ratifications and/or Amendments to Prior Approvals. Speaker DeVillier moved approval with Item 15 contingent upon adoption and verification of an LPFA amending resolution authorizing an increase in interest rates from not exceeding 7.50% tax-exempt or 10% taxable to not exceeding 8.5% tax-exempt or 12% taxable; the resolution adoption was scheduled for Oct. 14, 2026. The motion was seconded by President Henry and Items 12–15 were approved with Item 15 conditionally approved.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in