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Commissioners approve up to $200 million in tax‑exempt bonds for Vinton Steel expansion
Summary
The court adopted a resolution approving the Mission Economic Development Corporation’s issuance of up to $200 million in tax‑exempt bonds to finance improvements at Vinton Steel's El Paso County facility; county authorization followed a public hearing and vote.
El Paso County commissioners on Sept. 29 approved a resolution asking Mission Economic Development Corporation to issue up to $200 million in tax‑exempt revenue bonds to finance construction and equipment for Vinton Steel’s steelmaking facility in Vinton, Texas.
The court opened a required public hearing under Internal Revenue Code section 147(f) and heard company representatives and municipal advisers explain the program and its tax‑exempt eligibility. After the…
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