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Commissioners authorize sale of road, permanent improvement and CO debt; county retains AAA ratings
Summary
Court authorized issuance and sale parameters for up to $7.17M in unlimited‑tax road bonds, up to $53.995M in permanent improvement bonds and up to $93.795M in certificates of obligation; staff said S&P and Moody’s affirmed county AAA ratings and market conditions supported a May sale.
The Commissioners Court on April 29 authorized parameters for issuing three categories of county debt — unlimited‑tax road bonds, permanent improvement bonds and certificates of obligation — and signaled intent to proceed with a planned sale pending market conditions.
Planning & Budget staff told the court the county retained AAA ratings from Standard & Poor’s and Moody’s, a…
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