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Atchison County closes public hearing and allows chair to sign documents for Benedictine College bond refunding
Summary
The commission opened and closed a public hearing required under federal law for Benedictine College’s plan to refund previously issued taxable bonds, and authorized the chair to sign the certificate of approval and related tax-compliance agreement; commissioners noted the county is not financially liable for the bonds.
Atchison County commissioners opened and closed a public hearing at the request of Benedictine College and authorized the chair to sign documents that allow the college to convert previously issued taxable bonds into tax-exempt financing.
County legal staff explained the hearing is required under federal law (Tax Equity and Fiscal Responsibility Act) and that no county funds or pledges are at risk: the county’s role is ministerial, and payment…
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