Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance Refinance topic
No spam. Unsubscribe anytime.
Brown County commissioners approve refinancing of two Citizens National Bank notes
Summary
Brown County Commissioners Court approved refinancing two existing lines of credit at Citizens National Bank for county precincts, citing authority in the Texas Local Government Code. The court voted to refinance; details on principal amounts were not fully specified in the meeting record.
Brown County Commissioners Court approved refinancing two existing lines of credit at Citizens National Bank that are tied to county precincts, a staff member said during the meeting.
A staff member told the court the refinancing request is made pursuant to provisions in the Texas Local Government Code cited during the presentation and that the obligations will be payable from ad valorem taxes budgeted for that purpose or other lawfully available county funds. The staff member identified one note number as 52183 for Precinct 2 and another note number as 52894 for Precinct 4. Specific principal amounts for those notes were not clearly stated on the record.
A commissioner moved to approve the refinancing; the court voted in favor. No amendments to the motion were recorded.
Ending: County officials did not provide further fiscal detail in the meeting; staff said they would proceed with the refinancing steps covered under the cited sections of the Texas Local Government Code.
