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Fountain transfers $1.97 million private‑activity bond allocation to El Paso County
Summary
Council voted to assign the city's 2025 private activity bond (PAB) volume cap—$1,970,777—to El Paso County for regional use after staff said no city projects qualified this year.
The City Council on June 17 approved Resolution 25‑022 to assign Fountain’s 2025 private activity bond (PAB) volume cap allocation—$1,970,777—to El Paso County, the city’s regional partner.
Kimberly Bailey, a city presenter, explained that private activity bonds are a federal allocation distributed through the state and county and can be used only for site‑specific projects that qualify for affordable housing or certain manufacturing financing. Bailey…
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