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Commission transfers 2026 private activity bond cap to Nevada Rural Housing Authority
Summary
Elko County approved a resolution to transfer its 2026 private activity bond volume cap to the Nevada Rural Housing Authority to finance housing for low‑ and moderate‑income households; a staff member noted a numerical error in the meeting packet which the board acknowledged.
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The board approved Resolution No. 20204 to transfer Elko County’s 2026 private activity bond volume cap to the Nevada Rural Housing Authority for the purpose of financing housing for low‑ to moderate‑income families. During discussion an agency representative noted a typo in the packet that misreported mortgage activity (the packet listed $496,000 where the correct figure should have read $11,000,000); county staff acknowledged the correction.
A commissioner noted the board has made similar transfers in prior years without issue; the motion to approve carried by voice vote.
