Discussion and Possible Approval of the Arbitrage Rebate on the 2021 Bond Issue Description: Arbitrage rebate is defined in Section 148(f)(2) of the Internal Revenue Code of 1986, as amended. The calculation of the 90% installment of rebatable arbitrage for the 2021 bond issue pursuant to the 1993 Treasury Regulations Section 1.145-3(f) has been determined by Hilltop Securities Asset Management. T

Staff Report & Agenda Item Details

3. Discussion and Possible Approval of the Arbitrage Rebate on the 2021 Bond Issue Description: Arbitrage rebate is defined in Section 148(f)(2) of the Internal Revenue Code of 1986, as amended. The calculation of the 90% installment of rebatable arbitrage for the 2021 bond issue pursuant to the 1993 Treasury Regulations Section 1.145-3(f) has been determined by Hilltop Securities Asset Management. The calculation is attached as supporting documentation. The payment of $460,744.65 is the calculated 90% arbitrage rebate on the 2021 bond issue. Attachments: ( 1 ) arbitrage_20261005183342 10/6/2026 at 8:30 AM