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Legislation Details
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On agenda:
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6/16/2026
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Final action:
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Title:
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Conduct a public hearing and approve, adopt and authorize the Chair to sign a resolution approving the issuance, solely for the purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended, by the Public Finance Authority (Wisconsin), in one or more series, of tax-exempt or taxable 501(c)(3) revenue bonds in an amount not to exceed $65,000,000 in order to (a) assist in financing the costs of the acquisition of charter school facilities, consisting of approximately 127,258 square-feet of middle and high school facilities located on an approximately 5.49 acre site located at 1095 Fielders Street, Henderson, Nevada 89011 for use by SLAM Academy of Nevada, (b) fund a debt service reserve fund for the Bonds, (c) pay capitalized interest with respect to the Bonds, and (d) pay certain costs of issuance of the Bonds. (For possible action)
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CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Anna Danchik, Comptroller |
Recommendation:
title
Conduct a public hearing and approve, adopt and authorize the Chair to sign a resolution approving the issuance, solely for the purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended, by the Public Finance Authority (Wisconsin), in one or more series, of tax-exempt or taxable 501(c)(3) revenue bonds in an amount not to exceed $65,000,000 in order to (a) assist in financing the costs of the acquisition of charter school facilities, consisting of approximately 127,258 square-feet of middle and high school facilities located on an approximately 5.49 acre site located at 1095 Fielders Street, Henderson, Nevada 89011 for use by SLAM Academy of Nevada, (b) fund a debt service reserve fund for the Bonds, (c) pay capitalized interest with respect to the Bonds, and (d) pay certain costs of issuance of the Bonds. (For possible action)
body
FISCAL IMPACT:
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Fund #: |
N/A |
Fund Name: |
N/A |
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Fund Center: |
N/A |
Funded PGM/Grant: |
N/A |
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Amount: |
N/A |
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Description: |
N/A |
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Additional Comments: |
No fiscal impact. The bonds are not a financial responsibility of the County. |
BACKGROUND:
Pursuant to Section 147(f) of the Internal Revenue Code, prior to their issuance, the bonds are required to be approved by the “applicable elected representative” of the governmental unit having jurisdiction over the area in which the project is located, after a public hearing is held following reasonable public notice. Consequently, approval of the Board is needed to meet the requirements of Section 147(f).
On August 5, 2025, the Board conducted a public hearing and approved a resolution authorizing a Public Finance Authority (Wisconsin) tax-exempt or taxable 501(c)(3) revenue bond issue in an amount not to exceed $65,000,000. Due to construction delays, the bonds were not issued as previously planned. Issuance of the bonds is now moving forward, but closing will not occur prior to the one-year expiration of the prior Board approval
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