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Rockwall County to remit roughly $1.3 million in arbitrage rebate; court approves $1.339 million in claims
Summary
Rockwall County Treasurer David Peake told the commissioners court the county must remit about $1.3 million to the IRS under federal arbitrage rules tied to 2020 permanent improvement bonds. The court approved unpaid claims totaling $1,338,942.94, including the arbitrage payment and a fee to Broadus and Associates, by unanimous consent.
Rockwall County Commissioners Court agreed to pay an estimated $1.3 million to the Internal Revenue Service to satisfy federal arbitrage rebate rules tied to the county's Permanent Improvement Bonds, Series 2020, and approved $1,338,942.94 in unpaid claims to cover that payment and related fees.
"This is the first time again, in well over a decade that there has been any arbitrage profit that has been calculated," said David Peake, Rockwall County treasurer, during a special meeting called to discuss yield reduction reporting and an arbitrage payment for the installment computation period ending 06/11/2025. Peake said Hilltop…
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