Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board reviews $2M–$2.5M in remaining bond funds and a $724,151.70 IRS arbitrage liability
Summary
Superintendent presented a prioritized list of capital projects for roughly $2.0–$2.5 million of remaining bond proceeds and explained a bond-arbitrage calculation that currently estimates a $724,151.70 payment to the IRS at the five‑year anniversary of the bond.
The Hampshire County Board of Education reviewed a proposed prioritized list of capital projects for remaining bond funds estimated at $2.0 million to $2.5 million and received an explanation of a bond-arbitrage liability the district must calculate and remit to the IRS at the bond's five-year anniversary.
The superintendent said remaining bond proceeds total conservatively between $2 million and $2.5 million and that, after working with bond counsel and arbitrage specialists, the estimated…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
