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Bell County signs order enabling Waste Management to include Temple landfill in multijurisdictional tax‑exempt bond issue
Summary
The county approved an order and certificates allowing Waste Management Inc. to include local facilities in a statewide tax‑exempt bond transaction; the company has received a $50 million allocation and expects up to $10 million of the financing could be used in Bell County.
Bell County Commissioners Court on April 7 adopted an order and authorized actions necessary for Waste Management Inc. to include the Temple landfill and other Texas facilities in a pooled tax‑exempt bond issue.
Lee McCormack, municipal adviser with Community Development Associates representing the Mission Economic Development Corporation (the governmental issuer), told the court the transaction would pool financing for up to $120 million for roughly 14 Waste Management facilities in Texas. McCormack said Waste Management obtained a $50 million allocation from the Texas Bond Review Board this year and that, of the larger program, as much as $10 million could be used for capital projects at Bell County…
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