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Commissioners OK Waste Management request to enable federal tax-exempt bond financing for Newton County landfill
Summary
Newton County commissioners agreed to an order allowing Waste Management to use federal tax-exempt bonding authority for a statewide financing that could include up to $5 million for improvements at the Newton County landfill; presenters said the county bears no repayment liability.
Newton County Commissioners Court on March 11 approved an order acknowledging Waste Management Incorporated’s request to use federal tax-exempt bond financing that could include up to $5 million in improvements at the Newton County landfill.
The order, presented by Leon Cormack of Mainland & Associates on behalf of the Mission Economic Development Corporation and Waste Management representative Josh Powell, authorizes Waste Management to pursue tax-exempt bonds in a consolidated statewide transaction. Cormack said Waste…
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