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Starr County votes to publish notice of intent to issue up to $7 million in certificates of obligation
Summary
The Commissioners Court authorized publication of a notice of intent to issue certificates of obligation to fund a juvenile detention facility and precinct road projects, saying the county can issue about $7 million without increasing the I&S tax rate; pricing is expected Aug. 26.
Starr County Commissioners on June 8 approved publishing a notice of intent to issue certificates of obligation that the county’s financial adviser estimated could total at least $7,000,000 to fund a juvenile detention facility and several precinct road projects.
Bobby Villareal, who identified himself as a financial adviser to the court, told commissioners the…
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