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Pueblo County commissioners direct staff to reserve 2025 private activity bonds for TAVA housing project
Summary
County leaders told staff to begin paperwork to carry over the county's 2025 private activity bond allocation and designate it for the TAVA housing project, rather than relinquish the allocation back to the state on Sept. 15.
The Pueblo County Board of Commissioners directed staff on Aug. 15 to prepare paperwork to carry over the county's 2025 private activity bond (PAB) allocation and designate it for the TAVA housing project, instead of allowing the allocation to revert to the state.
The designation is preparatory: staff will bring a formal resolution to a future statutory meeting for official approval. County Manager Sabina Genesio said the purpose of the session was to get direction so staff can "get the paperwork started" and be ready to present a resolution when the board resumes formal business.
The nut graf: Private activity bonds are a time-limited allocation. County staff described three options: do nothing (the allocation would automatically revert to the state on Sept. 15), assign the allocation to an entity that has historically used it (transcript reference:…
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