We just filed (an) additional claim to block the issuance of the Bonds since ATP plans to use them for reimbursement of prior expenditures they made for planning and design for Light Rail," Aleshire wrote to the Austin Monitor. Such a plan, he said, would violate Texas law and might cause the bonds "to lose their tax-exempt status."
State law allows Austin Transit Partnership and the City of Austin to use bond validation proceedings to get an expedited ruling from an impartial court. The OAG's latest filing to delay the trial and attempt to force a premature ruling is only meant to delay bond validation proceedings with a lengthy appeals process - at the expense of Austin taxpayers.
#project-connect #austin-transit-partnership #texas-attorney-general #legal-dispute #bond-validation
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