The County Auditor asked the Court to approve a payment of $1,048,950.57 to the U.S. Treasury as an arbitrage rebate on the Toll Road First Lien Revenue and Refunding Bonds, Series 2021, and the Court approved it.
What it means for you
Harris County will send $1,048,950.57 to the federal government as a required rebate related to its toll road bonds.
Outcome
A motion was made by Commissioner Ellis, seconded by Commissioner Garcia, that this item be approved. The motion carried by the following vote: (4-0)
How each member voted
Lina Hidalgo (County Judge): AbsentRodney Ellis (Commissioner, Precinct 1): AyeAdrian Garcia (Commissioner, Precinct 2): AyeTom S. Ramsey (Commissioner, Precinct 3): AyeLesley Briones (Commissioner, Precinct 4): Aye
4–0, per the official record.