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Belmont County outlines $1 million tax-exempt reimbursement plan for Courthouse Plaza improvements
Summary
The Belmont County Board adopted a resolution April 1 declaring official intent to reimburse up to $1,000,000 in capital expenditures for Courthouse Plaza improvements with proceeds of future tax-exempt obligations; the measure passed unanimously and takes effect immediately.
The Belmont County Board of Commissioners on April 1 adopted a resolution declaring the county—xpects to reimburse up to $1,000,000 in capital expenditures for improvements to the Courthouse Plaza with proceeds from future tax-exempt borrowing. The resolution was adopted unanimously and took effect immediately.
The declaration cites Treasury Regulation —7 1.150-2 and states the county—xpects reimbursement allocations no later than…
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