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6.5 • Regular AgendaSan Jacinto River Authority (Montgomery County)
Highlands - Resolution - Official Intent to Reimburse Operating Fund Ms. Steiger explained that federal law prohibits the Authority from utilizing bond proceeds to reimburse itself for construction expenditures (in excess of $ I 00,000) previously paid with general revenues unless the Board of Directors timely adopts a resolution reserving such right.
Presented in: Board of Directors Regular Meeting - January 23, 2025 on 2025-01-23
Official Roll-Call Vote
Restrains Gov't • 8.8/10 Impact Weight
PASSED (8 - 0)
“Motion to approve Highlands - Resolution - Official Intent to Reimburse Operating Fund Ms. Steiger explained that federal law prohibits the Authority from utilizing bond proceeds to reimburse itself for construction ex”
RM
R Montgomery
Board Director
YES
CB
Charles Boulware
Director, Place 1 (Place 1)
YES
MM
Mark Micheletti
Director, Place 2 (Place 2)
YES
SJ
Stephanie Johnson
Director, Place 3 (Place 3)
YES
SB
Stacey Buick
Director, Place 4 (Place 4)
YES
WF
William Faubel
Director, Place 5 (Place 5)
YES
RA
Ronnie Anderson
Director, Place 6 (Place 6)
YES
RM
Ricardo Mora
Director, Place 7 (Place 7)
YES
Staff Report & Agenda Item Details
Highlands - Resolution - Official Intent to Reimburse Operating Fund Ms. Steiger explained that federal law prohibits the Authority from utilizing bond proceeds to reimburse itself for construction expenditures (in excess of $ I 00,000) previously paid with general revenues unless the Board of Directors timely adopts a resolution reserving such right.
Bastiat Liberty & Property Rights Analysis
This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 8.8/10). 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.