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Cluster · debt_service · FY 2019
Estimated maximum principal amount of tax-exempt obligations (bonds) to reimburse expenditures for Halas Street improvements.
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
Consensus
0%
Votes attached
0
Date range
2019-03-19 — 2019-03-19
Estimated maximum principal amount of tax-exempt obligations (bonds) to reimburse expenditures for Halas Street improvements.
The City reasonably expects to reimburse the expenditures made for certain costs of the Project from the proceeds of tax-exempt obligations in an estimated maximum principal amount of $136,000. All reimbursed expenditures will be capital expenditures, costs of issuance of the tax-exempt obligations, or other expenditures eligible for reimbursement under Section 1.150-2(d)(3) of the Reimbursement Regulations.
Reasoning: This is a projected bond principal for reimbursement of capital project costs.