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Finance committee approves $592,811.31 IRS arbitrage rebate for 2020 GOs
Tuscaloosa City Finance Committee · January 7, 2026
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Summary
Finance staff told the committee the city must remit $592,811.31 to the U.S. Treasury as an arbitrage rebate tied to the 2020 A general obligation bonds; a specialist firm produced the calculation and the committee approved the payment by voice vote.
The Tuscaloosa City Finance Committee on Dec. 16 voted to authorize payment of $592,811.31 to the U.S. Treasury as an arbitrage rebate tied to the city’s 2020 A general obligation bonds.
Finance staff member Susan Standridge explained that because the bonds were issued as tax-exempt debt, federal rules…
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