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Copperas Cove council authorizes $142,777.89 arbitrage payment tied to 2020 certificates of obligation
5882500 · September 17, 2025
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Summary
Council authorized the city manager to submit an arbitrage payment of $142,777.89 to the U.S. Treasury to comply with federal arbitrage rules for the city's 2020 combination tax and revenue certificates of obligation.
City Manager Ryan Havelot told the council the city issued combination tax and revenue certificates of obligation on Aug. 4, 2020, and that arbitrage calculations are due five years from issuance. He said an arbitrage payment of $142,777.89 is required because the city’s investments earned more interest than permitted under U.S. Treasury…
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