Comal County's Order 574 authorizes up to $180 million in Series 2026 certificates of obligation for jail work and associated costs.
Countywide property taxes are pledged for repayment, making the eventual debt terms consequential for taxpayers. The Sept. 17 county order establishes the borrowing authority and delegates the final sale terms to an Approval Certificate.
What the authorization covers
The order permits proceeds to pay for County Jail work, associated property and equipment, and professional and financing services. Its $180 million figure is a ceiling on authorized principal, not a statement that the county sold that amount. The actual principal and repayment schedule will be set through the delegated sale process.
The authorized certificates are payable from countywide ad valorem taxes and pledged Solid Waste Management System revenues. The order caps the net effective true interest rate at 6% and the final maturity at Feb. 1, 2058. Those limits describe what a sale may do; they are not the interest rate or maturity schedule of a completed transaction.
