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Board approves up to $1.5 million tax-exempt bond for Verge Center for the Arts
3642321 · June 3, 2025
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Summary
The Board conducted a TEFRA hearing and adopted a resolution approving tax-exempt bonds issued by the California Enterprise Development Authority for Verge Center for the Arts, payable solely by the nonprofit.
At a Tax Equity and Fiscal Responsibility Act (TEFRA) hearing on June 3, the Board of Supervisors adopted a resolution approving tax-exempt bonds not to exceed $1,500,000 for the benefit of Verge Center for the Arts.
County debt officer Colin Bettis explained the…
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