Approve Resolution Declaring Expectation to Reimburse Expenditures with Proceeds for Future Debt Attachments: ( 2 ) Expectation to Reimburse Expenditures Resolution Discussion: Trustee Anne Darr: Over what period of time will FWISD reimburse expenditures in the amount of up to $30,000,000? Response: The period of time that the reimbursement covers is 60 days back from the date of resolution and th

Staff Report & Agenda Item Details

11.C.2.b. Approve Resolution Declaring Expectation to Reimburse Expenditures with Proceeds for Future Debt Attachments: ( 2 ) Expectation to Reimburse Expenditures Resolution Discussion: Trustee Anne Darr: Over what period of time will FWISD reimburse expenditures in the amount of up to $30,000,000? Response: The period of time that the reimbursement covers is 60 days back from the date of resolution and then forward for 18 months after the later of the original expenditure date and date project is placed in service but no more than three (3) years from date of resolution. Trustee Anne Darr : What interest or penalties will FWISD incur if the expenditures are not reimbursed in a timely manner? Response: There would be no interest or penalties on either the FWISD or the PFC side. Trustee Anne Darr: What interest or penalties will FWISD incur over the period of time that the expenditures are being reimbursed? Response: Interest can be earned on any lease revenue bond proceeds, which would be added to the project budget.  There would be no interest or penalties paid during the period of time the expenditures are being reimbursed.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 4.2/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.