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County staff to study tax-exempt bond program after Basin Power inquiry
3110394 · April 15, 2025
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Summary
Commissioners directed staff to research a federal/state tax-exempt bond mechanism after Basin Power asked whether the county could help secure lower-rate bonds; no commitment was made and staff will return with recommendations.
County staff and bond counsel briefed commissioners on a tax-exempt bond mechanism raised by Basin Power that could allow a government to assist a non-government entity in accessing lower-interest bonds. The mechanism references North Dakota Century Code chapter 40-57 and federal programs for tax-exempt…
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