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Board approves redemption of county CD tied to gross revenue bond for transfer to Public Facilities Authority
Summary
The commissioners approved redeeming a county CD associated with a gross revenue bond so the funds can be transferred into the Public Facilities Authority trust; the clerk requested confirmation of account ownership and trust naming before transfer.
The Haskell County Board of Commissioners reviewed a request to redeem the final gross revenue bond CD and transfer the funds into the Public Facilities Authority trust name. The chair asked a staff member to confirm whether the CD was in the county's name and to ensure redemption would allow the funds to be placed in the trust; staff agreed and the board moved to approve the redemption.
A motion to approve the transfer was moved and seconded and the recorded votes were affirmative. The chair asked staff for any corrections to the record and the clerk confirmed the motion passed. The board did not record additional conditions or a timetable for the transfer in the discussion captured in the transcript.
