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Hays County court authorizes up to $240 million certificates of obligation for road projects; ratings affirmed
Summary
The commissioner's court voted unanimously to delegate issuance and sale of up to $240 million in combination tax and revenue certificates of obligation for road construction, right‑of‑way and related projects; financial advisers reported double‑A ratings from the major credit agencies.
Hays County Commissioners on Tuesday voted unanimously to authorize issuance and sale of up to $240 million in combination tax and revenue certificates of obligation to fund county roads and related right‑of‑way acquisitions tied to the 2024 road bond program.
County financial adviser Dan Wegmiller told the court that Moody’s, S&P and Fitch had affirmed the county’s existing AA+ ratings and that the sale will be structured within…
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